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abhishek_sh4
Apr 19, 2020 8:08 PM

Narrow Range candle may lead to expansion of volatility  Long

LUPIN LTDNSE

Description

Observations:

1.)Reduction in open interest at the call side. (Option chain)
2.)Point of control at Rs 820.
3.) HVN at 840.
4.)Formation of narrow range candle on 17 April, with some demand on lower levels.
5.)The narrow range candle may lead to an increase in volatility on Monday.

Trading Tip: You may use retreatment to enter the stock

Comment

POC & HVN are from volume profile

Comment

LUPIN had strong support at Rs 810

Comment

Lupin has taken swings towards HVN
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