Suven Life Sciences – Reversal Attempt from Oversold Zone

📊 Suven Life Sciences – Reversal Attempt from Oversold Zone Timeframe: Daily After a prolonged downtrend, the stock has shown a sharp bounce from the lower Bollinger Band with a strong bullish candle supported by volume expansion. Currently consolidating near the 20 EMA. 🔎 Technical View: Price rebounded from ₹125–₹130 support zone Trading near mid-Bollinger band resistance Momentum indicator showing bullish crossover RSI back above 50, indicating strength recovery 🔑 Key Levels: Immediate Support: ₹150 Major Support: ₹130 Resistance Zone: ₹170–₹176 🚀 Breakout above ₹176 (sustained close) can open upside towards: ₹190 ₹205 Structure suggests early-stage recovery, but confirmation comes only after resistance breakout. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS