Suven Pharmaceuticals Limited (SUVENPHAR) Stock - Complete Technical Analysis - Nov 11, 2024

Suven Pharmaceuticals (SUVENPHAR) Stock Analysis - Key Levels, Support, Resistance, & Trends

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. Suven Pharmaceuticals Limited (SUVENPHAR) Technical Analysis Overview

Suven Pharmaceuticals Limited is showing signs of volatility, trading near 1250.60, which is 7.63% below its 52-week high. The stock has seen significant growth from its 52-week low of 542.1, but recent price action shows some consolidation after a surge. The RSI at 48.69 indicates a neutral market sentiment, while the ADX at 33.97 suggests a moderate trend with no clear direction yet.

In terms of key levels, support is near the 1240 range, with resistance expected around 1300-1350. The MACD is positive, suggesting a potential upward bias, but price fluctuations, especially the drop from 1334 to 1250 recently, point to short-term volatility. This means the stock could face further corrections before trending higher.

The moving averages are indicating potential support at lower levels, and with ATR showing rising volatility, traders should closely monitor for a potential breakout or breakdown around the support and resistance levels. Watch for a clear trend confirmation before entering trades.