Supriya Lifescience Limited
Supriya Lifescience Limited has reached its top and is still growing, it appears to be a fantastic long-term investment.
Please study and comprehend Supriya Lifescience Limited's weekly chart format. According to the chart, Supriya Lifescience Limited is a fantastic stock to purchase between 420 and 430. It has a significant upside potential and has done exceptionally well so far.
Kindly consult the weekly chart furnished by Supriya Lifescience Limited. The stock has been increasing since breaking out of the 420–430 range, and it is currently trading above horizontal resistance. According to the data, Supriya Lifescience Limited is currently trading for 520 and is in high demand. This upside momentum is expected to continue until roughly 680–670, as the following chart shows.
- Supriya Lifescience Limited has maintained growth and achieved a significant milestone at 420–430, it is an excellent choice for long-term investments.
- With space to grow to 680 and 700, it seems like Supriya Lifescience Limited is in a strong position.
- Right now, between 420 and 430 is the best moment to purchase this stock because the risk-reward ratio is ideal for cash transactions.
- With a target price range of 680 to 700, the chart indicates that the stock has broken out of an ascending triangle pattern.
Kindly consult the weekly chart provided by Supriya Lifescience Limited. The weekly chart displays demand in the 420–430 price range, a breakout, and horizontal resistance. Strong demand drives up the stock in that range.
The stock is at a great time to buy because it has reached a new high. But please be mindful of the horizontal resistance and how it can be broken. As of right now, the stock may reach its targets between 680 and 700 if we continue the chart's upward trend.
The rising triangle gave rise to Supriya Lifescience Limited, with the pattern's most recent goals falling between 680 and 700. One chart pattern utilized in technical analysis is the rising triangle. At the swing high and swing low, price discrepancies produce a horizontal line and a rising trend line, respectively. Triangle is formed by these two lines.
Given the stock's high demand, investors might be looking for a long-term purchasing opportunity in the 420–430 region in an effort to profit from any further falls. This might lead to a rebound to the 680 and 700 levels, indicating a strong risk-reward ratio. This stock has a significant upside potential, therefore take advantage of every slump as an opportunity to invest. Invest any decline in stock in this company.
Investors may choose to use cash to purchase the stock gradually, setting a stop loss of 345 and aiming for levels between 680 and 700.
As a trader or investor, I often look for a Volatility Contraction Pattern (VCP), which is a situation in which there is a drop in price volatility prior to a significant gain, in order to allow the stock or instrument to reach high volume and upside with a quick increase and target hit. To obtain additional information about VCP patterns, kindly download the app from the Google Play Store. Additionally, we provide the highly-precision pattern recognition method.
The weekly chart of Supriya Lifescience Limited displays both resistance and support. The levels are shown on the spot chart.
|
Supriya Lifescience |
Support |
Resistance |
|
Level 1 |
420 |
680 |
|
Level 2 |
345 |
700 |
Company Profile: Supriya Lifescience Ltd. is a cGMP certified API manufacturing company that holds market leadership in both popular and specialized product categories. Founded in 1987 and based in Mumbai, India.
Supriya Lifescience Limited is a publicly traded generic pharmaceutical business whose mission is to develop and market APIs and FDFs for the treatment of a wide range of illnesses and infections in patients. While the formulation facility in Ambernath, Mumbai, India, complies with EUGMP, the API facility in Lote, Maharashtra, India, has received several approvals from the USFDA, EDQM / EUGMP, and Health Canada.
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