Suven lifesciences has been making a rounding bottom with a high tight flag at breakout
The breakout volume was good and the past week volume indicates a Pocket pivot.
RSI is in the bullish zone and our CPL indicator shows outperformance on the chart.
OBV is also elevated indicating buying interest.
Target as per fib extension is 153
whereas the target for...
stock breakout sentiment and its resistANCE LEVEL
STOCK AT LIFE TIME HIGH LEVEL
Industry Peers & Returns 1W 1M 1Y
SUVEN LIFE SCIENCES 24.1% 52.1% 88.2%
SUN PHARMACEUTICAL INDST 1.5% 7.5% 30.6%
DIVIS LABORATORIES -1.3% 6.1% 13.7%
CIPLA 2.9% 7.6% 23.1%
DR REDDYS...
💥Suven Life Sciences 💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-104-105
Breakout Price-104
Stoploss-73
Targets-159
RT for max reach
#suven #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
SUVEN is a performance based stock. and if we look at the chart we can see it has given the breakout after a nice consolidation of more than 1 year.
it’s expected to give a nice target of R:R :: 1:5.
Reason
Support at the VWAP.
RSI is in Bullish zone, Trendline break of trangle.
Successful breakout after 14 months
High Volume trade last 2 days.
...
Suven Lifescience CMP - 56.45 Looking bullish and one can go for quick short term investment with the following targets.
Buy @ 55.50 - 56.50 / Stop Loss - 50
Target 1 - 58.50
Target 2 - 62
Target 3 - 65
Note: This is my view and for educational purpose only
A VCP on display.
A breakout with volume and re-test done at the resistance turned support.
All the ingredients for a good rally unless something really unfortunate happens.
28% available here with very low risk.
RSI poised for a good momentum.
This looks like a good spot for this to bounce , most likely should break this pennant after 1 rejection at 53 .
On the weekly the MACD is looking sweet and all 3 Moving averages are offering support at present on the 4hr with the daily having 50 &99 as support.
33.85 would be an ideal SL since its a tad below the uptrend line.
Apparently after their demerger...
october is here and suven definitely needs a track…
after the climactic stopping action last year in mid 300 levels, the price action has followed an extended fall , after which , key moving averages in the weekly chart has been tested, a selling climax at the 200weekly moving average, followed by a secondary test at the 100weekly moving avergae, leading to a...
