SUZLON ENERGY -- POSITIONAL -- DAILY CHART.
1. Stock has seen trendline support at daily chart on current level 8.25 - 8.50
2. At trendline support hiekin ashi doji candle seen last trading session
3. todays candle after doji is bullsh green candle confirm trend reversal to upside
4. double bottom formation seen on daily chart around 7.75 level which also indicate downside limited from current level
5. trix line at center line now ,
6. one can initiate BUY position at 8.50-8.70 level as positional trade target 9-10-11 for 1 month time frame 20-30% upside potential stop loss bellow double bottom formation candle at 7
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** Trade at own risk !!
HAPPY TRADING .!
1. Stock has seen trendline support at daily chart on current level 8.25 - 8.50
2. At trendline support hiekin ashi doji candle seen last trading session
3. todays candle after doji is bullsh green candle confirm trend reversal to upside
4. double bottom formation seen on daily chart around 7.75 level which also indicate downside limited from current level
5. trix line at center line now ,
6. one can initiate BUY position at 8.50-8.70 level as positional trade target 9-10-11 for 1 month time frame 20-30% upside potential stop loss bellow double bottom formation candle at 7
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** Trade at own risk !!
HAPPY TRADING .!