SUZLON Energy Analysis
- Suzlon energy is closer to 2009 lows.
- In 2009 stock reversed from these levels, Before reversal volumes were low. But stock is showing good selling volume right now.
- So we have to see if the stock is able to take support at the previous lows or not.
- Good reversal pattern with price sustaining above 5 day high ema may give good up move. Up move also has to take out 43.70 level which may act as resistance.
- Breaking and closing below 33.05 will extend profits for bears of suzlon.
San
ReplyDeletegood work. I was eager to pick at 33 as it is 2009 low. But the current fall is to steep, at the same time volumes are increasing. So choose to wait.
Thank once again for good work.is 2009 low. But the current fall is to steep, at the same time volumes are increasing. So choose to wait.
Thank once again for good work.
Request u to analyse rcom as it is also at lows.
ReplyDelete@appu
ReplyDeleteThanks I will try to do a post on RCOM.