A Multibagger in making Suven LifesciencesWith series of new patents filed in different countries and
rise in OBV over the last few year shows investor confidence in the stock.
Tech Indicators : Trendline breakout, MACD Crossover and OBV on rise and comfortably trading above 22 EMA
Levels
CMP 214.7
SL 199
Target 280
Can face resistance near 280 above which it can reach 300+ levels.
Time Frame: 1 month
SUVEN trade ideas
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.