SUZLON TREND NOW

TREND - POSITIVE (DAY TL)

PRESENT ZONE-Between 1 HOUR DEMAND ZONE & 1 HOUR SUPPLY ZONE.
Reversed from Multi year SUPPLY ZONE now.

FORECAST -As per ZONE if goes below 1 HOUR DEMAND ZONE will target WEEKLY DEMAND ZONE.
if goes above 1 HOUR SUPPLY ZONE,which consist of Multi year SUPPLY ZONE will target again 44.


MY TAKE
first TL and 1 hour demand zone must be respected.Then 1st above 1 HOUR SUPPLY ZONE must be crossed.
once Multi year SUPPLY ZONE is crossed then will target 44.

(Note-only make entry at DEMAND ZONE's & Exit at SUPPLY ZONE's for BETTER RISK REWARD)



IF FOUND USEFUL KINDLY CLICK BOOST ICON

SUPPLY & DEMAND ZONES
Only check SUPPLY & DEMAND Zones.Tension Free
NO indicators required.
Clear Entry & Exit points

Comment:

since first TL and 1 hour demand zone respected reversed up to 1 HOUR SUPPLY ZONE.

only if crosses above 1 HOUR SUPPLY ZONE then will target 41/42

Comment:

as told 41 done.and also crossed 13 year SUPPLY zone at 39.5.
if goes below this again downwards only
if goes above 1 hour supply zone 42 then 44 possible.


(for more ideas comment )

Comment:

New 1 hour zones formed at 40.35,39.95.

but 39.5 multi year demand zone not yet broken.

If breaks below prev low 39.25 & TL will go down till 1 hour demand zone.

down ward bias only unless overall market goes up.

Comment:

As told since overall market was bullish suzlon again back above 39.5 multi year demand zone.

But above 2 nos of 1 hour supply zones are there.40.3 and 41.35.
Grinding will happen if GAP UP NOT HAPPENS

Comment:

unable to break above the 39.5 multi year supply zone.

only if its goes above 39.5 will turn bullish other wise may target 34.05 weekly demand zone