On Friday Lupin closed above it's major Supply Zone @ 960-985.
If it will manage to sustain above this zone then in coming weeks it may test it's next Supply Zones @ 1085 and 1030-1070 on the upside.
This will be my positional trade for the next week.
I will update my trade and updates for this trade in this post. Follow this post to get the notification.
Thank X :)
Lupin Buy near 745-740 Target 765-775 Stoploss 725
Reasons For Trade- 1. Price has closed abover important support level of 740 on daily chart 2.Excess buying is done 725-730 levels.
3. Price has formed lower high on daily chart.
4.Price has filled gap near 725-730 levels.
5.Bullish candlstick pattern is formed on daily as well as weekly chart
6. Risk Reward is 1:1