NSE:SUVEN
It's a Long Term Investment Idea
1. Long term moving average is trending up.
2. Current trading price above moving average.
3. Since Jan this year, it's trading in a 90 point range (145 - 235). Weekly close above this range will be a significant positive and confirmation of uptrend continuation. Close below this range indicate continuation of...
The stock has attractive by valuation, the reversal in pharma sector will push the stock to great high price. Technical it has resistance at 204, breakthrough of 204 and closing above 204 confirms strong bullish on this stock. We recommend to add on dips and cmp.
Friends , As We can clearly see that Suven formed A Head & Shoulder Pattern in Previous Triangular Pattern (Symmetrical Triangle) where Upper Trend Line was falling and Lower Trend Line was rising means Bearish Trend that was ... Now , It is forming A New Triangular Pattern where Lower Trend Line is almost flat and Upper one is rising ... So , Support at 150...
165 Level is to be watch. Break out of Trend Line. Trading Above 165 with volume May Lead further bull run. 21 EMA working as support/resistance also. Details Mentioned in chart.
We can see in weekly chart Suven has given good return in long term.. In past it has given good return from 25 to 300 in Aug 2013 to april 2015... 1.5 years.
It has just finished the rest... right now (190-200) best time to enter. with 160 sl.. target 450+ in 1-2 years.
Should keep it in the portfolio.
Suven life sciences at Rs 170, promises to defy gravity as it has reached the bottom.
Scrip has fully bottomed out, resting on 200 Week MA.
It is also in a declining triangle, with a firm flat support between 148 ~ 163.
It needs a volume breakout, although pricewise it has reared its head up at Rs 170 now.
Catch in an infant stage is what it is presently appearing...
