#Suven Life Science Add some here and add more above 235 for ta#Suven Life Science
Add some here and add more above
235 for target of 315-320
SL below 175
cmp-215
SUVEN trade ideas
Suven Life to fly like a rocketBreakouts in Daily, Weekly and Monthly charts
Buy at cmp of 225 n add more if comes down towards 180-200
Targets : 270-75 to 300+
Suven Life Buy on Dips towards 200 - Long Term Investment 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 downtrend.
4. Buy on Dips towards 200 (Preferably 180-200)
5. Price based Resistance and Support areas marked on charts.
6. Fib Ext levels Indicate support and targets.
Buy Suven Life scienceThe 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.
Long Suven Life ... Z-Pattern by KBMJ ...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 Levels but Upside is unlimited ... Overall , Good Stock for trading ... And Investment too ...
As Per My thinking Correction is Over Now ... Buy in Small Quantities with A Stop Loss of 149-150 Levels ... Have A Good Day !!!
Buy above 186Waiting for breakout above 186. Will be good chance to accumulate at 186 level. Keep SL of 164
Does it bottomed out???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.
Long term investmentWe 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 breakout? Suven Life seems like a good buy after breaking its long term downward trendline. It has a good potential to give a 25% return from CMP.
Suven Life Sciences will be a tonic in portfolioSuven 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 and once pharma industry develops fancy - which it should now soon anytime - with stabilisation of Trump's policies, it will race ahead dramatically.
All fundamental parameters are encouraging. Rs. 220 would be the first strong resistance and thereafter I daresay, Rs 445 may not be far away - say in a year's time frame !!!
Just Buy and hold with a stoploss of Rs 148.
