suven at infliction point..! are u brave enough?disclaimer... not an investing/trading recommendation
SUVEN trade ideas
Suven Life ScienceSuven Life Science -- Price taking support at Upward channel and trying to Making CNH Pattern on Weekly Chart
Target & Stoploss mentioned on chart
SuvenClose above 266 today can lead to 295-300 very soon.. intraday players can put sl at todays low (-1) . 240 is strong support.
suven fractal study230 a major decision point
disclaimer.... not an investing/trading recommendation
quick long trade on suventhe 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
Wyckoff : JAC in Phase B.Increased vol and JAC after accumulation of 3 years.
Possibility of MARK UP.
Suven 12 Sep18Buy 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
SuvenLife Sciences 09Sep18328 seems to be immediate resistance.
Little retrenchment is expected post that.
Disc:
1. No trading position
2. Education purpose only
this one definitely needs a breathermight be heading off for another re accumulation
final to out level is 500 plus for this rally
disclaimer.. not an investing/trading recommendation
It is on the verge of crossing long term 1/1 line If it crosses 335 on closing basis 500 can be seen in medium term
Buy Suven for positional. Strategy is to buy on dips.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
Shamoil
Rectangle pattern formed in Suven Life scienceRectange pattern formed.
stock break upper line with good volume.
Nice breakout
Long on Suven 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
Suven likely to break outIf 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 - MOMENTUM PICKING UPSuven 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 downward sloping resistance line with good volumes; RS is sloping upwards (however, has not crossed 30 ema; very closely placed; so ideally should be a watchlist until this happens); MACD has emerged positive with rising histogram. (RS is not there in tradingview. It is Relative Strength with respect to Main Index which is nifty. Can be found in few other softwares like Amibroker).
3) Hence bias should be only LONG in this stock. So next step is to ascertain the right time to enter.
b) Middle Time frame chart - Weekly (Ascertaining the current sentiments and the right time to enter)
1) Price has crossed the horizontal resistance zone more recently with good volumes.
2) RS crosses 30 week ema.
3) MACD histogram rising.
4) Hence recent sentiments are positive which could possibly fuel the momentum to the stock.
c) Lower Time frame chart - Daily (Entry zone).
1) Stoch and MACD favours entry at cmp . (For a medium to long term holding, entry can be done in the middle time frame chart too.).
Stop at 180 (a tad below 30 week ema in weekly chart).
Target 340
