Hi,
This is a old query – not sure if the querant would be interested in my understanding/views.
Anyways, I definitely consider this particular placement/conjunction and qualify it to be what some folk call out as Punarboo, also spelt Punarbhu dosha. This is created by an association of the Moon/Chandra with Saturn/Shani-dev, either by conjunction or aspect… and more common amongst the proponents of KP Astrology. Although there are some folk who call out the need for an association with 7th house/lord, I give prominence to the effect of the slow moving Saturn/Shani-dev over a fast moving Moon/Chandra.
In case of the original poster/querant, Moon/Chandra are very closely conjunct in the Zodiac sign of Capricorn or Makara Rashi and are posited in the Lunar Constellation of Shravana Nakshatra, ruled by Moon/Chandra. For the records, Moon/Chandra happens to be the 7th lord from Chandra Lagna or himself (which is frequently used by many prominent Astrologers). Aspect of Lagna Lord Jupiter/Guru could of small help (give that he is below par Vimsopaka Bala)… but then, aspect of Ketu and Mars/Kuja also needs to be taken into consideration. Further, 7th lord Mercury/Budha being placed very close to Mrityu Bhaga is most definitely helping the native.
Take care…