The stock is showing strength by bouncing off the 100 EMA
📈 Suven Life Sciences
✅The stock is showing strength by bouncing off the 100 EMA level which serves as a dynamic support line around 124 This level has historically acted as a base for bullish reversals. The support level near 120 has been retested successfully, indicating sustained buyer interest. This level has proven significant multiple times enhancing its reliability as a solid foundation for future upward movement.
✅ Volume has shown an uptick around the support zone signaling accumulation by institutional players. This volume pattern often precedes a breakout, making it a positive signal for bullish continuation. Currently at 43 indicating there is room for further upside. A move above 50 on the RSI will confirm increased buying momentum and could attract more buyers.
📈 If the stock clears the 130 mark with volume support it could reach 140 and eventually 150 forming a bullish continuation pattern.
✅The stock is showing strength by bouncing off the 100 EMA level which serves as a dynamic support line around 124 This level has historically acted as a base for bullish reversals. The support level near 120 has been retested successfully, indicating sustained buyer interest. This level has proven significant multiple times enhancing its reliability as a solid foundation for future upward movement.
✅ Volume has shown an uptick around the support zone signaling accumulation by institutional players. This volume pattern often precedes a breakout, making it a positive signal for bullish continuation. Currently at 43 indicating there is room for further upside. A move above 50 on the RSI will confirm increased buying momentum and could attract more buyers.
📈 If the stock clears the 130 mark with volume support it could reach 140 and eventually 150 forming a bullish continuation pattern.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.