SUZLON ..founded in 1995 ..one of leading renewable Energy solution provider. IN MULTIYEAR, WEEKLY CHART.. SUZLON technically seen bullish on chart. stock seen multiyear trendline breakout, Golden cross of 20,50,200 SMA also seen. Stock form rounded bottom cup formation which indicate stock can seen upside 20-30% in short to mid term.
Stock currently seen resistance around 13.50 sub level now at cmp @ 11.60 ..correct buy level indicate on chart around 10-11 Level with stop loss 7
Though TECHNICAL are bullish fundamental side weakness seen on revenue and profit margin .. co in loss throughout last few year but last few Quarter sales seen some improvement .. still current FUNDAMENTALS is neutral .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..please do own analysis.. take call at own risk. !!
HAPPY TRADING. !!
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11.10 Trendline support ..LETS SEE sustained this level .. Today. !
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I WILL SHARE IF ANY BULLISH SIGNAL seen on suzlon at buy level Currently stock strong bearish...09/02/2022
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suzlon buy signal generate at 10 -10.25 level today. ! hourly candle bullish now. !
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RSI at 30 hourly chart IF RSI went above 40 Then this signal confirm . !
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so yesterday assumption of bottom out at 10.25 indicate true today.. !
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make resistance at 10.80 and support at 10.25 . Last 2 sessions , 10.50 is VWAP support . !
@psyank281, yes..chart look good. Himadri special chemical ! multiyear resistance breakout at 48, golden cross at 48, 58 , buy level 62-63 cmp 63.65 short term Resistance 68 target 80-100 short term .. ! stop loss 39.
psyank281
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thank you Champ, i will shift from 50% suzlon to himadri🙏
champtrade111
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@psyank281, convinced at yourself by doing some more analysis and take call ..! final call will be yours..though potential upside short term both the stock is around 20-30% in short term...anyways diversification of capital is also good idea.!
Champ i am still in long, what should be stoploss?
champtrade111
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@psyank281, trendline support at 9.75 on yearly chart and 200 sma support at 8.50 level so stop loss should be bellow 200 sma i think bellow 8 level suppose to be. !
psyank281
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@champtrade111 okay Champ, thank you for your advice. Please tell something about IFCI.