Suven 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
Took support at 0.382
Target = 531 - 9.5%
SL = 475.4 - 1.8%
Low Risk High Profit.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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
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...