Description
⋅ Suven lifesciences has been making a rounding bottom with a high tight flag at breakout
The breakout volume was good and the past week volume indicates a Pocket pivot.
RSI is in the bullish zone and our CPL indicator shows outperformance on the chart.
OBV is also elevated indicating buying interest.
Target as per fib extension is 153
whereas the target for the cup base is 200.
SL should be taken below the current week low on closing basis