hello friend we are going to talk on suzlon..
becoze interesting things happening in this stock.
you all of know what is fundamentals of suzlon.. now we ll discuss about its technical..
1-lots of block deal is done on this level..
2- we are seeing bullish or bearish divergence..(MEANS movement ll definitely come.. but. don't know where!!)
3-too much volatility on this level..
4. 100 & 50 DMA is acting as Resistance bt.. 100 is more important for upside breakout
you can see the chart above.. that's the box decide the actual movement of stock..
below this box you may some correction at near around 6rs. ( its previous low )..
above this box we can see movement up to 17rs..
don't make position without confirmation.. wait for confirmation..
comment your view..
For more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....
becoze interesting things happening in this stock.
you all of know what is fundamentals of suzlon.. now we ll discuss about its technical..
1-lots of block deal is done on this level..
2- we are seeing bullish or bearish divergence..(MEANS movement ll definitely come.. but. don't know where!!)
3-too much volatility on this level..
4. 100 & 50 DMA is acting as Resistance bt.. 100 is more important for upside breakout
you can see the chart above.. that's the box decide the actual movement of stock..
below this box you may some correction at near around 6rs. ( its previous low )..
above this box we can see movement up to 17rs..
don't make position without confirmation.. wait for confirmation..
comment your view..
For more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....