Levels mentioned on chart. SL based on daily closing.
keep stop loss around 460.
buy at this level target 485 sl 465 weak market but this stock show strength
Go long above 475. Bounced from good support. Doji on support. SL 460
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.
As 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.
3 Months Consolidation in 450-500 range, getting ready for next run up. Keep an eye, may show swift 20-30% moves.
Buy above 559 after breakout of the flag and pole pattern. Only for educational purposes. Trade at your own risk.
- 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
result of suvenphar chart analysis
Break out and retest has down with sudden bounce from support levels Target 1: 600 Target 2: 700
buy 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 has given good consolidation breakout with above average volume.
Breakout after a consolidation .... BREAKOUT WITH A GOOD VOLUME SUPPORT