December 29, 2010

SUZLON Energy Chart analysis

  • Suzlon Energy has been showing rising support levels in daily chart for sometime now.
  • But Stock has many resistance levels to cross before it can turn bullish.
  • 50 DMA is the first and the most important resistance above this MA there is a resisting trend line and the 200 DMA.
  • For now the stock is expected to give a short trade from its 50 DMA.

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