SUVEN is a performance based stock. and if we look at the chart we can see it has given the breakout after a nice consolidation of more than 1 year. it’s expected to give a nice target of R:R :: 1:5.
Reason
Support at the VWAP.
RSI is in Bullish zone, Trendline break of trangle.
Successful breakout after 14 months
High Volume trade last 2 days.
successful breakout of the strong Resistance Zone. Now it will act as support
Price > EMAs
Verdict: Stock is highly Bullish R:R :: 1:5
Plan of Action: Buy: 69.45 Stoploss: 65 Target: 90
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.