The stock is showing strength by bouncing off the 100 EMA📈 Suven Life Sciences
✅The stock is showing strength by bouncing off the 100 EMA level which serves as a dynamic support line around 124 This level has historically acted as a base for bullish reversals. The support level near 120 has been retested successfully, indicating sustained buyer interest. This level has proven significant multiple times enhancing its reliability as a solid foundation for future upward movement.
✅ Volume has shown an uptick around the support zone signaling accumulation by institutional players. This volume pattern often precedes a breakout, making it a positive signal for bullish continuation. Currently at 43 indicating there is room for further upside. A move above 50 on the RSI will confirm increased buying momentum and could attract more buyers.
📈 If the stock clears the 130 mark with volume support it could reach 140 and eventually 150 forming a bullish continuation pattern.
