SUVENPHAR trade ideas
Suven Pharma : A strong breakout on the weekly chart. Suvenphar has been consolidating in a range since January. We see a clear breakout on the chart that is supported with good volumes. I expect Suvenphar to continue making new highs in following weeks.
Exit if it gives a close below its 20W EMA.
Disclaimer : Please dont use it as an investment advice this is only for educational purposes.
Suven Pharma, Buy above 525, On Daily Time FrameAs of 8th June, 2021, it is standing at support line and can give a breakout. (There is Pole and Flag pattern as well)
If breakout sustains above 525 for one hour then Go long.
SL : 30 Points
Target : 70 points but keep using the strategy of trailing stop loss.
Suven Pharma 3 Months Consolidation in 450-500 range, getting ready for next run up. Keep an eye, may show swift 20-30% moves.
Suven Pharma - Flag pole patternBuy above 559 after breakout of the flag and pole pattern.
Only for educational purposes. Trade at your own risk.
Suven Pharma - Ascending Triangle Breakout Pattern- Suven pharma gave a good breakout with volumes and further consolidation
- 540 is a good entry level as stock is highly volatile and so we can get a low entry point
- 509 can be a good stoploss as Suven pharma is volatile stock and it might show more consolidation for short term
- It has good momentum at daily and weekly time frame
SUVEN PHARMA IS GOING TO HIT LIFE TIME HIGH VERY SOON...........Break out and retest has down with sudden bounce from support levels
Target 1: 600
Target 2: 700
Intraday Trade: watch for resistance breakoutbuy suvenpharm above 548 sl 543
Note:- for all gapup trades
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
SUVENPHARMA Consolidation BreakoutSUVENPHARMA has given good consolidation breakout with above average volume.
Idea is from @ProdigalTrader Breakout after a consolidation ....
BREAKOUT WITH A GOOD VOLUME SUPPORT
Suven Pharma Cmp 523.15 dated 22.4.2021Suven Pharma Cmp 523.15 dated 22.4.2021
1. Rectangular Consolidation breakout above 523.
2. RSI has lower highs sharp breakout.
3. Stock taking support @ 50 MA @ 483.
Buy for tgt of 620 SL 480.
It is just a view, pls trade at your own risk.
Breakout in Suven Pharmaceuticals...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Suven pharma - WeeklyDecent Volumes
DMI confirmation
Wide Range Candle
Sector support
Good level of consolidation
I really like the setup
Buy Suven PharmaMy idea is for educational purpose.
Without thinking Buy Suven Pharma @ 515 & at decline till 480, for short term blast.
