hello friend we are going to talk on suzlon.. becoze interesting things happening in this stock.
you all of know what is fundamentals of suzlon.. now we ll discuss about its technical..
1-lots of block deal is done on this level.. 2- we are seeing bullish or bearish divergence..(MEANS movement ll definitely come.. but. don't know where!!) 3-too much volatility on this level.. 4. 100 & 50 DMA is acting as Resistance bt.. 100 is more important for upside breakout
you can see the chart above.. that's the box decide the actual movement of stock.. below this box you may some correction at near around 6rs. ( its previous low ).. above this box we can see movement up to 17rs..
don't make position without confirmation.. wait for confirmation..
Awesome! Till when can we get a better picture to take a positional call? Wonderful chart nevertheless!
shivasaini93
⋅
@sahilmathur, theses types of stocks most of time operate by operator or punter or speculator .. so we should wait for accurate confirmation.. not fake breakout
Hulk703
⋅
super catchy headline ....
Excellent chart and minute details ..explained so perfectly in simple language ...
Awesome.analysis Shiva sir ..U rock
appreciate your efforts in posting such detailed chart...