Head and shoulder pattern can be observed in SUVENPHAR and the stock is taking support at the Trend line/ Neckline. If it breaks this neckline, can be a good short. Levels mentioned in the chart.
Call for Thursday August 20th 2020 // This is a swing trade call and not an intra-day trade //
NSE:SUVENPHAR
CMP / LTP: 676.9
TARGET: 815 (20% Around) (1st Target)
STOP LOSS: 609 (10-12 % Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects after my buy call. If u...
Took support at 0.382
Target = 531 - 9.5%
SL = 475.4 - 1.8%
Low Risk High Profit.
*Disclaimer*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
We have added this stock in our portfolio on 27th April and 6th May. There isn't much trading history to rely on so we are keeping the position size small. We will be monitoring this stock closely to see if it performs well. If there is strength in the price, we will be adding to our position.
Let's see what the earnings have in store as well. will keep you guys posted
NSE:SUVENPHAR is breaking out. Looks like, it is aiming at all time highs, if it can clear the over head supply zone.
It has formed cup and handle like pattern.
