SUVEN
SUVENPHAR - Investment IdeaSUVEN PHARMACEUTICALS LTD
Market Cap: 111 BN
PE: 25
SECTOR PE: 30
Debt to Equity: .06
Quarterly results
June 22 = 1.08 BN
June 21 = 1.05 BN
Net Sales
June 22 = 3.39 BN
June 21 = 2.64 BN
EBITDA
June 22 = 1.61 BN
June 21 = 1.20 BN
52 Week Low 425.70
52 Week High 631.75
VWAP = 448
With this we come to our trade:
Buy @/above 448
Target 1= 489.50
Target 2 = 538
Target 3 = 626.80
Breakout in Suven Life Sciences...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Suven Life scienceSuven life science looking bullish as seen in the chart, it has been on a good rally for many days. Today it has broken the upper trend line. It has previously broken the same trend line and came down but took support from the previous 52 week high. Watch out for more upside in the coming days
Buy Suven for positional. Strategy is to buy on dips.As can be seen the price has been trading above the Cloud on a weekly TF which means the stock has entered a long term bull market. With all other indicators (A/D line, Other Ichimoku indictors, Moving averages) pointing to be on the long side. The stock can be bought on dips at the Tenkan and Kijun levels in small quantities.
Happy trading / investing
Regards
Shamoil