Suven Pharma is looking really good at CMP with such heavy volumes coming in at 557, if it retraces a bit and remains above the YELLOW marked zone , in daily TF, that will be good.
Long term higher levels are marked as the next resistance zones.
Overall Nice Price Action !!
MCX still not ruled out, after today's fall. Till the time it remains above the marked pink rectangle zone at 1717, with less volumes in RED candles and higher volumes in GREEN Candles.
Also in TF-W , we can see a pattern forming, which can be assumed as CUP, so a possible HANDLE is in making (on the cards) and it may take some time till we see the correction in...
Petronet LNG has to sustain above Yellow zone in TF-W to make it a buliish trade. All the levels marked can be taken has important levels as targets and SL
