Demand Zone / RSI_Divergence/ Volume /Bullish Engulfing

It is observed that at current level demand emerges and price bounces back. It has formed a bullish Engulfing candle and RSI is also showing divergence. The stock is in downtrend and is still in oversold zone but still one can try a long here by roviding reasonable SL. Increased Volumes at bottom also confirming the long decision. Pharma stock has shown a good rally yesterday so the momentum may continue for coming trading session.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

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