NSE:SUVENPHAR is breaking out. Looks like, it is aiming at all time highs, if it can clear the over head supply zone. It has formed cup and handle like pattern.
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...
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...
Everything on chart. Wait for confirmation on 31-may-17. Please leave your opinions.