nsetrader28
Long

Suven Life Buy on Dips towards 200 - Long Term Investment

NSE:SUVEN   SUVEN LIFE SCIENCE
NSE:SUVEN            

It's a Long Term Investment Idea

1. Long term moving average is trending up.
2. Current trading price above moving average.
3. Since Jan this year, it's trading in a 90 point range (145 - 235). Weekly close above this range will be a significant positive and confirmation of uptrend continuation. Close below this range indicate continuation of downtrend.
4. Buy on Dips towards 200 (Preferably 180-200)
5. Price based Resistance and Support areas marked on charts.
6. Fib Ext levels Indicate support and targets.
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