Blue trendline support became a resistance once stock dropped below the blueline support.
Stock is still taking support on the long time yellow trend line.
Breaking the downward yellow trendline and sustaining can become bullish, specially above 595.
Not a recommendation, just for my learning and sharing for getting comments
#Suvenpharma Stock ready to give its next upmove currently at 559.80 with support placed at 510.
Awesome fundamentals with tailwinds in the CRAMS industry.
Portfolio investment stock.
#ATH
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#bullishstocks
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DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I...
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DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients...
Suven pharma on daily timeframe forming pattern and rsi also inside channel as well we will wait patiently rsi have to breakout channel and have to close above the ma.
and don't forget to use SL ok :)
Recently Suven pharma has posted a good quarterly result.
Also on daily chart there is double bottom, its a very good opportunity to earn ~20% profit in this trade.
Buy now or wait for 470 levels and do some bottom fishing.
It should meet its all time high again.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
STOCK HAS TAKEN SUPPORT FROM ITS IMPORTANT SUPPORT ZONE AND ALSO BROKE A LONG TERM TRENDLINE.
BUY CAN BE INITIATED WITH A S/L OF RECENT SWING LOW AND TARGET OF ALL TIME HIGH
DISCLAIMER
THIS IS JUST FOR EDUCATIONAL PURPOSE.
DONT TRADE WITHOUT CONSULTING YOUR FINANCIAL ADVISOR.
One of the highest margin API producers in our country who deals with innovator API's is breakout out.
After a long drawn out consolidation, the stock could be gaining strength again.
Ideally i'd like to add it around 500. Or above 544.
If added at 500 it gives a good SL around 478.
NSE:SUVENPHAR Levels are Mentioned in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational...
