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