KR_Market_Gurukul

πŸ“ˆ Pre-open MTF #PriceAction Analysis by #KRMG (23 Aug)

NSE:LUPIN   LUPIN LTD
πŸ‘‰ Stock 2- #LUPIN
πŸ‘‰ Sector - PHARMA
πŸ‘¨πŸ»β€πŸ« Analysis Timeframes - Hourly and 15 min (Intra)

🎯 Commentary - It has been in strong Downtrend from 1200 Level in HOURLY TF. Post consolidation for some time and, yesterday it broke its important Support of 950 Level

After it breaks its important Support Level 950 it shows strong strength to downside. Throughout the day, it continued the Down Move and also closed near the day's Low

For Sellers to maintain dominance, it needs to close and sustain Below the #CRITICALZONE

πŸ‘‰(Reversal Trade Trigger) Break of Downtrend structure will trigger BUY ENTRY for Intraday

🎯 Coming to sectoral pattern - #NiftyPharma has been in strong uptrend and now it has again trading to its All Time High

#KRMGPriceAction
#LearnWithKRMG

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