Suzlon
Suzlon Energy Ltd: At the cusp of 5 year highSuzlon is at the cusp of a 5 year high.
On a monthly chart, a long term outlook is advisable, with an initial upward targets of 15 and 17.45 and further if strength and momentum is sustained.
However, would be careful if price falls below 9.30.
Has the potential to be a big winner. However risk management is key with a strict stop loss.
PS: Not a buy/sell recommendation.
SUZLON --WEEKLY TREND --ANALYSIS SUZLON --WEEKLY CHART --TREND ANALYSIS
1. stock trading at upper channel consistently on weekly chart
2. current channel support seen at 8-9 level and resistance seen 12-15 level
3. currently stock at uptrend as Weekly RSI above 60 and above WMA
4. stock trading above 44,100,200 HMA
5. one can initiate BUY near channel support if any correction 8.50-9 Level and above for target 12-15 medium term .
stop loss can place bellow strong support line at 6
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK ,!!
HAPPY TRADING. !.
SUZLON -- POSITIONAL 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 .!
SUZLON --- MULTIYEAR --VIEWSUZLON ..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. !!
Suzlon - LongThe trade is risky. Invest small amount only. The green line represents support. The price is moving in a upward parallel channel for the last few months . Now the price has bounced back on daily chart both from the green line as well as the lower parallel line. The blue line will be the target.
Target - Rs.10.50
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Mirza International Ltd.
NSE:MIRZAINT
MIRZAINT
CMP: 71.85
Target 88++ // HUGE RALLY EXPECTED 100++
SL: 63
Time Frame: < 6 months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Suzlon - May the force be with you !The great energy crisis. Its global.
What does Suzlon do - Manufacturing of wind turbines.
What has changed, Coal Scarcity, Brent is at $85, best, Parali burning (Crop Burning) season is back on.
So, we need clean energy more than ever, do read Chris Martin's no concert pledge since 2017. He is coming up with jump and create charge concert (Fantastic and illuminating idea I say).
So back to Suzlon, seriously ignore trump saying windmills is a bird mortuary, we all know what trump is.
Solar energy (Still toxic) + Wind gives an incredible long-term low-cost solution for a Power-Hungry country line India. Now with greater power demand from any source, this stock may give a gigantic jump. DIIs have increased their share quite bit, I am just worried to see that LIC moved out of this share last quarter. Let’s watch the holding space more.
Trend wise, like ZeeL, this stock is all set to complete the Cup Pattern soon. Post Cup, sky is the limit. Who knows, Mota bhai may just burp and acquire this company and all its ancillary units. lol.
160 seems to be cup's neck. Fingers crossed!
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
Suzlon trading in a channelSuzlon has been trading a channel for a few months and looks to have reversed from the lower support line. Looks like a good opportunity to enter once we get a closing candle above the 20-ema in weekly timeframe and can be held for a couple of months till it reaches the upper support line.
Ps : I am not a registered advisor so do your due diligence before taking any positions.
SUZLON is near 200 EMA (weekly) and 52 week high.Suzlon Energy Ltd has been always trading under 200 EMA in Weekly chart, but now it is facing some resistance because of it and also because of support/resistance zone valid since 2018. Last traded price is 7.35 and the 52 week high is 8.45. If it crosses these, expect strong pull back too. But you may enter after this pullback for short term, following the trend.
(Also from May 2018, it can be stuffed inside a rounding bottom pattern too. If true, then it can help it to go up for way more than ever.)
Positive news attached to Suzlon : It has been performing good last week since company bagged an order from CLP India to develop a 252 MW wind power project at Sidhpur.
PS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.
Huge Volumes added in Suzlon and its trending Up!NSE:SUZLON has been destroying wealth since its all time high(lol), but doesn't it seems energy of the new age? Yeah Wind-Wind...
So it does work forward to debt reduction and new project acquisitions like the new 252MW project recently.
The news has led the stock spinning to higher highs.
Well, this should be new decade's new energy way to future!
The Resistance and Support is marked in the Chart.
You can find old idea posted a while ago in the link below.
SUZLON is all NEW!BSE:SUZLON has been working on debt restructuring past few quarters.
Mutual funds added Suzlon to their portfolio in march 2021.
FII holding has increased from 3.1% to 4.2% in just one quarter.
Vanguard holds 2.57% in Suzlon.
All positive news flooding in for Suzlon suggests a "New Suzlon" is on the Horizon.
Suzlon looks positive in long term if it holds up and above from the all time Low level.
There is fresh Bullish movements in place while Suzlon keeps making Higher High(HH) and Higher Low(HL).
AMARAJABAT Short Formed a head and shoulders pattern right on 200 days moving average.
Broken the neckline.
Approaching the neckline again for a retest.
After retest, it can give a big downside or upside.
Downside target 1 - 929
Downside target 2 - 905
If after retest buying starts and the stock moves up, then it can give
Upside target 1 - 963
Upside target 2 - 970
* For educational purpose only *