April 8, 2010

Suzlon in a triangle about to breakout

Suzlon in a  beautiful triangle pattern. Thanks to ANUJ for bringing it to my notice.

For Suzlon a break out on either way is possible. Suzlon is a well traded stock so it may go with the nifty. If nifty breaks down from the current levels it may break the lower boundary. But remember triangles are known for their FALSE BREAKOUTS.