Suven Pharma: Totally gut feeling predictionThis analysis is totally my gut feeling. Not depending on any technicals.
Despite very strong bullish trend, I feel the momentum might be slowing down.
I see trypical signs of double top here around ATH.
If price wants to continue movement up, it will give closing above current ATH 1355.
If there is no closing above last swing high, most probably it will form double top.
Agressive trader can short from here. For more confirmation, you can wait for price to be in selling range around 1300 area with SL accordingly with traders risk profile.
This is contra trade, logically we are shorting against very bullish trend by my hypothesis is at least price will touch 200 Day EMA before moving up.
SUVENPHAR trade ideas
50 SMA Rising - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 30 days SMA if price close below 30 SMA then Exit or be in the trade for 2 to 4 weeks.
Target & Stop loss shown on Chart. Do not Forget to Exit if Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market .
SUVEN PHARMACEUTICALS LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Suven Pharma Ltd view for Intraday 10th September #SUVENPHAR Suven Pharma Ltd view for Intraday 10th September #SUVENPHAR
Buying may witness above 1215
Support area 1200-1199. Below ignoring buying momentum for intraday
Selling may witness below 1199
Resistance area 1210-1215
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Suven Pharma Ltd view for Intraday 9th September #SUVENPHAR Suven Pharma Ltd view for Intraday 9th September #SUVENPHAR
Buying may witness above 1210
Support area 1190. Below ignoring buying momentum for intraday
Selling may witness below 1188
Resistance area 1210
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
go long - swing pick- this stock shows signficant delivery percentage value
- possible chances for accumulation
- may perform good in upcoming days
- this stock is picked after market close based on delivery qty data.
- follow this stock for next 5 days , if entry not triggered with in 5 days , ignore pick
- line marked in chart is the day it showed huge delivery percentage.i consider it as signal candle.i marked its high and low
entry
- go long with 1:1.5 RR
- take entry if 15min close crosses the line , ignore entry if it made gap ups
- i prefer entry with in 5 days , if not triggered ignore this pick
sl
- candle close below signal candle's low
target
- keep 1.5 times of sl.
Suven pharma can shine if it gets past the next resistance Suven Pharmaceuticals Ltd. is a bio-pharmaceutical company, incorporated on 6th November, 2018 and is engaged in the business of development and manufacturing of New Chemical Entity (NCE) based Intermediates, Active Pharmaceutical Ingredients (API), Speciality Chemicals and formulated drugs under contract research and manufacturing services for global pharmaceutical, biotechnology and chemical companies.
Suven Pharmaceuticals Ltd CMP is 669.65. The Negative aspects of the company are High Valuation (P.E. = 46), Declining annual net profit. The company's Positive aspects No debt, zero promoter pledge, FIIs are increasing stake, MFs are increasing stake, Improving cash from operations annual.
Entry can be taken after closing above 678. Targets in the stock will be 698 and 719. The long-term target in the stock will be 742 and 768. Stop loss in the stock should be maintained at Closing below 590.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Trade Idea in Suven Pharma
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SUVENPHAR - Ichimoku BreakoutStock Name - Suven Pharmaceuticals Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 723
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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SUVENPHAR CnH Pattern with Buildup - about to BreakoutSuven Pharmaceuticals Ltd (NSE: SUVENPHAR)
Formed CnH Pattern with 200+ Days of pattern formation with buildup of time correction at the breakout level.
Volumes dried up at the buildup, signaling potential breakout sooner.
A strong close above 495 with raise in volume confirms pattern breakout.
480 as a minor stop and 465 as pattern invalid level.
Target 600+
Suven Pharma might be the next pharma to move up.Entry in Suven Pharma can be taken after closing above 508. Targets will be 536 and 555. Long term target in the company will be 598 and 633. Stop loss in the company should be considered at a closing below 455. Suven Pharmaceuticals Ltd. is a bio-pharmaceutical company which is engaged with the development and manufacturing chemical intermediaries. Negative are that FIIs are decreasing stake. Positives are followed by that they have low debt, zero promoter pledge, improving annual net profit.
SUVENPHAR is ready to buy for positional trade.Aim for 5-8%. It can be easily achievable in 1-5 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade in between 3:20- 3:29 PM if it gives closing at the above-mentioned zone.
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SUVENPHAR (Long)Taking Support on 200 EMA on daily chart.
Good Volume seen.
Stock has consolidated and now trading in a narrow range ready to move up.
Buy near 485
SL 468
TGT 507 - 540 -564
please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.