The blue area indicates the weekly demand and supply zone whereas the green area indicates the daily demand and supply zone. As we can see the prices went up with less volume but when it came down, the volume increased. So there is a shot bias.
1) Lupin on Monthly TF given Outside Close and this happens at Support so it is valid
2) Weekly TF strong close above KS suggests structure change to Bullish
3) Daily TF is already Bullish, Look take buy Positions at 2 Demand Zones 810.5_804.75 , 792.6_788
Can go Blind long OR Look for CP at the Zones for increased confluence. Strict SL would be below CP,...
Monthly chart CNXPHARMA
Price action: Blue arrows show higher top and bottom
Line studies: Price moving out of red downtrending channel
Averages: Support at 200 period EMA in June 2018 and Feb 2019
RSI: Bullish divergence + trending upNSE:CNXPHARMA
Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding...