Suven Life Science is in Narrow range or can say it is in Pole & Flag pattern and expected to blast soon. Add small qty until it is in this range. Expecting 270 target
NOTE: Study before investing.
Volatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2...
NSE: SUVEN is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on...
BUY - SUVEN LIFE SCIENCE
CMP - Rs. 63
Target - 1: Rs. 90
Target - 2: Rs. 113
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Timeframe - 1 year
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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On the #SUVEN (Suven Life Sciences Ltd) Daily Chart, demand is becoming stronger than supply.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel...
SUVEN LIFE SCIENCE just broke out of a counter trendline with good volume .
Entry - 67
Target - 75.50/81.80
SL - 60.55
Study the stock & Trade responsibly.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are...
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.
Suven Life Science at Support in Parallel Channel
Breakout at base consolidation may go to resistance
RSI above 70
MACD Crossing confirmed
Only for educational Purpose
Suven has already done a double bottom breakout now it has done a retest of this breakout level it is fueling up for further up move above 103 we can see a move till 129 with a sl of 90
