Pharmaceuticals
Suven Life Buy on Dips towards 200 - Long Term Investment 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.
Go and get real gold at very cheap price.. Sun Pharma...Price action is trading in declining channel... The price has reached and reverted sharply from lower band of declining channel....
Sun pharma is India's largest pharma company and is down almost 200% from its life time high....
SO go and get real gold at very cheap price... Would you?
Aurobindo: The Pill Mitigated Some PainThis is my third post on Auorobindo. Refer and for previous posts.
Last time I reviewed the stock it was hovering below 600 levels. The situation has improved a lot since then. As I stated in my first post that 580 would be a key level for the stock, the stock tested this level once and bounced higher to 617. Then it retraced where I posted a base building attempt at 598 levels and a word of caution. Stock took a sharp spring bounce from here, pierced 627 level like its nothing and reached the current level.
Present Scenario:
My personal opinion is that although we might face some hiccups, the stock could test 700 zone, which is also the 50% retracement of entire bear move shown in chart. Perhaps you may see some profit booking in this zone.
Lets see how the price action unfolds.
Trade Safe, Stay Healthy.
Hit like if you agree.
Best Regards
Afraidtotrade