Technical Analysis of Indian Stocks: Suven Life Sciences Limited
(NSE India) on 3 April 2017
This is no buy/sell recommendation – just a trial to see if Technical
Analysis (works to an extent) in NSE – India.
First let us look into the Technicals: It seems Suven is trying
to reverse from ~165. It has broken a down trend line with a Bullish Candle on
High Volume.
Prediction: A re-test of the trend-line is expected before it
makes an up move. If it can cross Resistance ~188, then 207 could be expected
(SL @ 169).
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