Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Now, lets break down a more detailed analysis of Suven Life Sciences Limited for our web audience. Currently priced at 130, the stock has seen a significant move from its 52-week high of 169.3, marking a decline of 23.51%. However, it's important to note that it's also trading 73.83% above its 52-week low of 74.5, indicating a resilient performance.
In the last five days, price fluctuations indicate a level of volatility worth noting. For instance, on the latest trading day, the stock opened at 125, peaked at 131, and closed at 129.5, demonstrating potential resistance near the 130 level. The previous days also highlight a pattern of ups and downs, signaling traders to stay vigilant. The stock's average directional index, currently at 33.82, points towards a strong trend, suggesting that momentum could continue in one direction. The RSI at 48.61 indicates a neutral stance, neither overbought nor oversold, making this a critical observation for traders seeking entry points.
From a support and resistance analysis, it appears that the immediate support is hovering around the 125 level, with more substantial support likely at 120. On the flip side, resistance is concentrated in the 130-134 range, aligning with various moving averages, which traders should watch closely. The MACD displaying a bearish crossover suggests caution, indicating possible downward momentum unless the stock decisively breaks above the 134 resistance.
Lastly, the higher ATR readings signal significant price swings, making it essential for traders to have a strategy in place for managing risk and potential rewards in this dynamic environment.
Visit My YouTube Channels for More Content:.
Channel 1 :
ParthaKuchana : For video tutorials on tech, career advice, industry insights, global military tech.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 2 :
Partha Kuchana - Finance: For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 3 :
Partha Kuchana - Stock Analysis : For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Follow me on X :
@ParthaKuchana
Join my Telegram Channel :
ParthaKuchana