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...
Long Lupin on a dip with a SL of 804 with targets of 836.9/842.1. Do not take the trade if it opens above 836.
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