lupin positional looks good on charts for long levels mentioned !!!
when it closes above the prescribed the level .....target is assured
This script is best for investors and swimming trader but, buy level still far from the current price. The 775 level can be an easy target. Entry should below 722 to 729.
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.
Pharma index was trading 0.39 per cent down at 8942.15 around 10:09 am. as well as Lupin down 1%
Sell Lupin on rise with SL of 885 and targets of 860/855.
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,...
Lupin broke leaner support 800 possible short term
Bullish divergence on daily chart . target 10% positional SL -740 on closing basis
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 up NSE:CNXPHARMA Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding...
Supported by MACD crossover TGT 1 - 805 SL - 765