SUZLONE WEEKLY TRIANGLE
- I have redrawn the SUZLONE triangle.
- 73 to 75 is will act as resistance area
- 68 to 69 is acting as good support.
- a break out above 75 can take the stock above 80.
- break below 68 can slide the stock below 62.
- My view is that if nifty breaks 5161 and if suzlone breaks 68 at the same time enter short trade.
- wait for this set up to come otherwise stay out.