SUVEN Stock Breakout analysis

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
  1. Support at the VWAP.
  2. RSI is in Bullish zone, Trendline break of trangle.
  3. Successful breakout after 14 months
  4. High Volume trade last 2 days.
  5. successful breakout of the strong Resistance Zone. Now it will act as support
  6. Price > EMAs


Verdict:
Stock is highly Bullish
R:R :: 1:5

Plan of Action:
Buy: 69.45
Stoploss: 65
Target: 90
Technical IndicatorsTrend AnalysisWave Analysis

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