April 16, 2010

SUZLONE Weekly Triangle

  • SUZLONE Weekly triangle is yet to give a direction
  • 70 to 71 good support zone.
  • below 71 it may go down till 69.
  • right now it is moving sideways within the weekly triangle
  • take a look at the weekly MACD it is moving side ways from july last year.
  • and the volumes going down every week.
  • if you are holding long positions be patient, we may see some action in the coming weeks. have strict stop loss at 67. 
  • A daily close below 67 is danger for the bulls.
thank you
take care

No comments:

Post a Comment