Bullish Reversal near demand zone in LUPIN
Updated
Lupin has retraced to the demand zone (earlier supply zone) post heavy breakout and have shown a reversal sign.
Current view is based on following patterns:
-> Ascending triangle breakout retest (bullish trend)
-> supply zone turned into demand zone
-> bullish reversal sign through bullish candle with volume
Wait for the closing above demand zone
Nearest target is 1240
Current view is based on following patterns:
-> Ascending triangle breakout retest (bullish trend)
-> supply zone turned into demand zone
-> bullish reversal sign through bullish candle with volume
Wait for the closing above demand zone
Nearest target is 1240
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