SUZLON --- MULTIYEAR --VIEW
Updated
SUZLON ..founded in 1995 ..one of leading renewable Energy solution provider. IN MULTIYEAR, WEEKLY CHART.. SUZLON technically seen bullish on chart. stock seen multiyear trendline breakout, Golden cross of 20,50,200 SMA also seen. Stock form rounded bottom cup formation which indicate
stock can seen upside 20-30% in short to mid term.
Stock currently seen resistance around 13.50 sub level now at cmp @ 11.60 ..correct buy level indicate on chart around 10-11 Level with stop loss 7
Though TECHNICAL are bullish fundamental side weakness seen on revenue and profit margin .. co in loss throughout last few year but last few Quarter sales seen some improvement .. still current FUNDAMENTALS is neutral .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..please do own analysis.. take call at own risk. !!
HAPPY TRADING. !!
stock can seen upside 20-30% in short to mid term.
Stock currently seen resistance around 13.50 sub level now at cmp @ 11.60 ..correct buy level indicate on chart around 10-11 Level with stop loss 7
Though TECHNICAL are bullish fundamental side weakness seen on revenue and profit margin .. co in loss throughout last few year but last few Quarter sales seen some improvement .. still current FUNDAMENTALS is neutral .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..please do own analysis.. take call at own risk. !!
HAPPY TRADING. !!
Note
11.10 Trendline support ..LETS SEE sustained this level .. Today. !Note
I WILL SHARE IF ANY BULLISH SIGNAL seen on suzlon at buy level Currently stock strong bearish...09/02/2022Note
suzlon buy signal generate at 10 -10.25 level today. ! hourly candle bullish now. !Note
RSI at 30 hourly chart IF RSI went above 40 Then this signal confirm . !Note
so yesterday assumption of bottom out at 10.25 indicate true today.. !Note
make resistance at 10.80 and support at 10.25 . Last 2 sessions , 10.50 is VWAP support . !
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