SUVENPHAR trade ideas
suven pharmaSuven pharma 1DTF shows clear triangle breakout ,there will be room for upside, keep watching for tomorrow closing.
SUVEN Pharma , Breakout candidate above 500Suven Pharma #SUVENPHAR looks to be a eligible counter for breakout above 500
The counter has been in the 450 -500 range for a while now , any sustainable breakout above 500 with good volumes should take it to new levels ,
SImilarly any drop from the 450 range the stock should be avoided for longs
Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions
Suven pharma strong resistance at 499hi all,
buy if the stock close above strong resistance of 499 on weekly basis else avoid.
today we had sudden spike..
Two pattern with Near Ath Rounding bottom with Flag in daily chart.with near all time high..Good for swing ab 515
SUVENPHAR Intraday to Positional ViewLevels already mentioned.. Look for intraday to Swing..
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Note:
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Above 411 closure will be very good for the stockwait to close above 411.2 for taking a fresh position
targets will be shared once this close is done.
Happy investing
SUVENPHAR | Head and Shoulder PatternHead 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.
Pharma will be in action - Restructure Completed Fundamentally Good - Good Potential - Breakout 403, Other Indicator like RSI and MACD positive
Daily Swing Call 20th August 2020 // SUVEN PHARMACall 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 don't want an aggressive trade, you can wait for a
"possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5%
range). This way the Risk Reward can be improved and profit can be maximized.
- This is a swing trade call and not an intra-day trade
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
SUVEN PHARMATook 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.
Accumulation Share Suven Pharma.DYSIP Based or Piramid Based BuyBuy on Dips:
at cmp: 477.80
Decline: 410, 364, 311
Stop Loss: 300
Target: 665.25, 968.2
Risk is yours and Reward is too yours
Long Suven Pharma @ 295We 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
Suven Pharma is aiming for ATHs - Cup and HandleNSE: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.
