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
Verdict:
Stock is highly Bullish
R:R :: 1:5
Plan of Action:
Buy: 69.45
Stoploss: 65
Target: 90
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
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