On long term chart it has formed rounding bottom in between of 155 t0 338 and formed triple top of 338-337. If cross 338 will generate momentum and target of rs 550 approx can be achieved in medium term.
clear cut breakout! looking good for 385-390. 338 will act as resistance though! keep an eye! Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
wyckoff distribution seems underway the broken 20 dma should give a lot of trouble to the price action, currently seems to be a good opportunity to cash out of positions.. disclaimer... not an investing/trading recommendation
we just now need to see if it closes like this at the end of the day. i hope of no false breakout. a good one will lead to 300-320 levels. i am bullish here.
200 to 220 seems to be a strong support on lon gterm charts.. refer to chart for info note: analysis strictly for EDUCATION PURPOSE only..
the main chart with volumes and hollow candles, is of suven life science, the colored candle is of sunpharma, volumes for whichhas been not overlayed.. interestingly during this accumulation, there seems to e a bit of divergence in action between suven and sunpahrma, which is very atypical... with the weekly and daily indicators, unprepared to call ti a bottom/...
disclaimer... not an investing/trading recommendation
Suven Life Science -- Price taking support at Upward channel and trying to Making CNH Pattern on Weekly Chart Target & Stoploss mentioned on chart
Close above 266 today can lead to 295-300 very soon.. intraday players can put sl at todays low (-1) . 240 is strong support.
230 a major decision point disclaimer.... not an investing/trading recommendation
entry 268.3 exit at 300 disclaimer... not an investing/trading recommendation
disclaimer.... not an investing/trading recommendation