bhuvan30

SUZLON Daily Chart TA

Long
NSE:SUZLON   SUZLON ENERGY LTD
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2
SUZLON looking bullish if we look at the uptrend it is in right now, touching the lower trendline it should bounce up to its last resistance 8.5. Another key factor is the RSI which is currently 33 indicating an oversold price, another bullish indicator. The price seems to be just above the 200ma, its recent prices have shown whenever it has touched the 200ma it has gone up, It should bounce back to the support at 7.1-2, and then make a newer high.
Target:
1)8.5
2)10

Stop Loss:
3.65-4.3

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