the correction in suven is not over.... there should be another down leg to 250, this is a B wave that is going to form in elliot waves most probably... on the longer term basis , lot of upside is left in suven, which will be updated later in another idea
Increased vol and JAC after accumulation of 3 years. Possibility of MARK UP.
Buy again at current levels, looking to test back the high of 338 rest of the targets post that. Disc: 1. No trading position 2. Educational purpose only
328 seems to be immediate resistance. Little retrenchment is expected post that. Disc: 1. No trading position 2. Education purpose only
might be heading off for another re accumulation final to out level is 500 plus for this rally disclaimer.. not an investing/trading recommendation
If it crosses 335 on closing basis 500 can be seen in medium term
As can be seen the price has been trading above the Cloud on a weekly TF which means the stock has entered a long term bull market. With all other indicators (A/D line, Other Ichimoku indictors, Moving averages) pointing to be on the long side. The stock can be bought on dips at the Tenkan and Kijun levels in small quantities. Happy trading / investing Regards...
Rectange pattern formed. stock break upper line with good volume. Nice breakout
Trade explained in Chart... SL below 219 CBSL Strictly for EDUCATIONAL PURPOSE
Pharma Sector is bottoming out and suven lifescience is near its fibo support at 38.2%, price action support and also at RSI support. Can be accumulated for short term
If tomorrow closes in green entry for short term gain up to 248. If the stock closes above 248 in 10 days, entry can be initiated for medium term target of 300+
Suven Life Sciences Investment Horizon - 6 months plus CMP 239 Top Down Approach - a) Monthly Chart b) Weekly Chart c) Daily chart. a) Higher Time frame chart - Monthly (Ascertaining the big picture) 1) Above 30 period EMA. 2) Cup formation in progress and the first HH is seen suggesting early stages of the uptrend has started. 3) Breakout observed past the...
Suven looking god for a cup and handle breakout from 224 with the target 255-259 . with the entry at 281 ab=cd target is around 240 .