📈 Navigating Lupin: Seizing the 75-Minute Demand Zone!

23 nov 2023

Embark on a strategic journey through Lupin's charts, revealing a promising trade opportunity in simple terms suitable for traders of all levels.

Current Market Position 📊:

• LTF (75 min): Lupin is firmly situated within the 75-minute demand zone, specifically at the bottom and exhibiting a very inside structure.
  
• ITF (Daily): Confirming the bullish sentiment, Lupin is comfortably nestled in the daily demand zone, signalling a favourable environment.
  
• HTF (Weekly): On the weekly chart, supply zone is very far, and price is trading at fair location, providing a conducive backdrop for potential upward movements.
  

Trade Strategy 📈:

• Entry: Plan a buy entry at the current market price.
  
• Stop Loss (SL): Set the stop-loss just below the 75-minute demand zone, introducing a slight buffer around 1180.
  
• Target: Aim for levels below the 75-minute supply zone, approximately around 1215.
  
• Entry Price: Consider entering at the current market price of 1194.
  

Why Lupin Presents an Opportunity 🌟:

• Demand Zone Alignment: Lupin is strategically positioned in both the 75-minute and daily demand zones.
  
• Trend Observation: The daily sideways trend, combined with proximity to the 20EMA, indicates favourable conditions for a potential bullish move.
  
• Weekly Outlook: supply zone is very far on the weekly chart adds strength to the potential trade.
  

Final Trade Thoughts 🚀:
Lupin's current scenario isn't just an opportunity; it's a strategic move. With a keen focus on demand zones, and favourable weekly conditions, this trade deserves attention.

Trade Smart, Trade Confidently! 💹✨

Disclaimer 🚨:
This analysis is for educational purposes only. I am not a SEBI registered analyst. Trade responsibly.