SUVEN trade ideas
Suven Life Short term Positional CallSuven Life Sciences Ltd NSE: SUVEN Trading technical call for short term
CMP 215 Closing Based SL 198 Targets 225 232 240
Technicals:
* Volume Breakout
* Swing high Breakout
* Channel Breakout
* Trendline Breakout
For education purpose only
Suven Life Sciences Ltd.Suven Life Sciences Ltd.
- Strong Bullish Trend expected some retracement before it forms the next high
-
Suven Lifesciences buy setupBuy range 210 - 185
Since range is wide ,
Buy half near 210 and
half near the lower range.
CBSL 170
Suven Life Sciences is a sure-shot tonic for profitScrip is at Rs 179, taken a massive and good volume + price breakout on Monday 3rd April 2017.
After complete bottoming out, scrip has taken firm support on 200W EMA between Feb 2016 to March 2017 and is now promising to break out decisively upwards.
Once it crosses 186~187, the momentum will be good.
Fundamentally, the balance sheet is sound, debt free and growing.
Expect price to double within a year.
Buy with a stoploss of Rs 168~161.
Suven Life science Watch closely & buy here for small returns & add more above 226 with target of 267. At current level stop loss is 188.
