1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or...
suven pharma 1-2 month target 590.
a long time consolidation is indicating a pullback to regain the ascertain position.
the stock is creating fear as the new trader can exit.
hold in suven pharma for quick target of 590 in few months.
investment purpose only.
NSE:SUVENPHAR
Cmp : 611
Breakout Retest
Try on pullback near 580
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial...
The stock is in uptrend. The RSI is well above 60 and the striking breakout today with very high volume shows a momentum to continue further. See chart for targets
Strong momentum -
Crossed - 50/200 SMA - Gold Cross
Closing above Cross WK Piv.
Wait for closing above trend line - we can see the good upside.
Add to watchlist -- do own research before investment.
Suven is on the edge, any time it can bounce back if there is a good support from the index.
Good support at the trend line.
This is only for educational purpose not a recommendation, please do consult your financial advisor.
Blue trendline support became a resistance once stock dropped below the blueline support.
Stock is still taking support on the long time yellow trend line.
Breaking the downward yellow trendline and sustaining can become bullish, specially above 595.
Not a recommendation, just for my learning and sharing for getting comments
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
SUVEN : #Reversal #possible #stock
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
buy suvenpharm above 548 sl 543
Note:- for all gapup trades
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
