Suzlon and all power stocks are looking goodSoon we may see breakouts in all power stocks, keep a watch
only for education purpose
SUZLON trade ideas
SUZLON Looking bullish on charts. SUZLON Looking bullish on charts. Closing above 9 may take it 12 +.
1. All minor moving averages are above major MAs.
2. PR on daily/weekly/monthly.
3. Price Trading above daily, weekly and monthly pivots.
SUZLON ENERGY - 65% RETURNS!!!BUY - SUZLON ENERGY LTD
CMP - Rs. 7
Target - 1: Rs. 9
Target - 2: Rs. 10.65
Target - 3: Rs. 11.65
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Technicals - 1) Bullish Bat Harmonic Pattern.
2) Targets set using Fibonacci Retracements.
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Comment: Target - 3 will be achieved in 4-8 months.
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MULTIBAGGER --2023 ----SUZLONMONTHLY CHART SETUP --- SUZLON
1. Due to Bullish technical indicators , suzlon as a pick for potential multibagger on year 2023
2. Monthly trendline breakout seen cleary on chart , last month candle ( circle )
3. currently stock at uotrend consistetly past few months . as upper channel indicate the same
4. Stock trading above 44, 200 hma , golden cross of 44, 200 HMA currently seen as strong bullish indicator.
5. RSI above 60, Above wma, EMA & RSI positive crossover .
* Potential upside 50 to 80 % from current level.
* ENTRY 10.25 at current level , TARGET 12-15-18 in 1year , Stop loss bellow trendline supprt at 7
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk . @@ This month i will be posting 10 potential multibagger for year 2023 this is 3rd on this series , , take as education purpose and do your own analysis before enter trade . !!
WISH YOUE ALL....HAPPY & PROAPEROUS NEW YEAR .!!
HAPPY TRADING .!
Suzlon Daily looking bullishSuzlon Daily has Cup n handle breakout. Good to buy at 11.60 for target of 99 with sl below 10
SUZLON ENERGY LTD , TIMEFRAME 1WWe can see a suzlon energy formed CUP & HANDLE pattern in 1W timeframe. Currently trading at 11.65 level having high value on closing basis compare to previous almost 4 & half year. Having immediate resistance of 12.05 level. Also break 500 moving average line on Weekly timeframe on closing basis first time, indicating bullishness.
If suzlon break level of 12.05 on closing basis then we can see some new high level after 4-5 years. after breaking we may see 14-15-16-17.55 level.
On other side due to strong resistance of12.05 level it may face some sort of resistance at this level.
SUZLON Breaking outSUZLON ENERGY seems to be breaking out of a falling trendline with good volume.
If successfully closes above the trendline with good volume, it may move up 20-25%.
Entry - Strong Close above 9.20
Target - 10.80/11.70
SL - 7.80
Study the chart before taking entry.
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. !.
Price moving in channel and trendline breakout--->Suzlon Energy1.Price is moving in Upper channel in Weekly timeframe(Green line).
2. Price might face resistance at upper trendline(Black color).
3.If price breaks first trendline then the price might take resistance at 2nd trendline(green line).
4.Price has given trendline breakout(blue line).
5.RSI is at 65 and macd positive shows bullishness in stock.
Suzlon Energy - Junkcap turnaroundOne of the new junkcaps which has survived and now is getting past its debt crisis.
They just raised money to further retire high yield debt.
The stock has prefectly bounced off the 200EMA which also coincides with the golden ratio of fibo..
Long at current price with stoploss below 7.20.. (200WEMA)
If and when the stock can take out 11.40 plenty of good things could start to happen here.
Anti-thesis..The freefloat is super high..competiton in the sector is much higher than earlier and debt is still a problem for the co. (Unlike other junkcaps this one isnt cheap)
Breakout: SuzlonNSE:SUZLON has given double bottom breakout and as well is near breaking of its trendline, the trade can be taken after breaking of trendline for the given targets. RSI is showing bullish divergence as well. Will trendline be broken out?
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 .!
bulishsomething is cooking stoploss only 6 target 9.40 to 11 im very bulish on this stock big n smartmoney accumlating this gem
Buy Today, Sell Tomorrow: SUZLONDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in SUZLON
Buy Today, Sell Tomorrow: SUZLON
Suzlon Energy Ready for an upmove from hereNSE:SUZLON Ready for an upmove from here. Longterm Trendline + at a major support zone.
SUZLONSUZLON:
Suzlon 2nd wave reversed at 0.618 level
Expecting 3rd wave till 1.618 level
Also the target level is the cup depth which double confirms the level
Disclaimer: This idea is for educational purpose and kindly buy/sell as per your risk management.
With exiciting termination wave -An Leading Diagonal in SUZLON.Review the " Leading-Diagonal ": As you know, Leading Or Ending Diagonals one of two types of motive waves, the other being in impulse wave. The Leading Diagonal is a terminating wave pattern that is form the 1st wave position of impulse waves or as wave A. This is an example here live - SUZLON. We have an Leading diagonal in the 1st wave position of an impulse wave. Now what's exciting about this real-time example:
1) We've throw if you connect the trend lines which connect the extremes of waves 1 and 3 and extend that forward in time. The wave 5th is a bit of price movement above that trend-line which is refer to as Throw-Over. I actually like to see that because that is sign of termination of wave 1st as higher degree or wave 5 of (1).
2) The high price at 13.1, we've also seen spike in volume which is even another sign of termination of termination of wave 1st as higher degree or wave 5 of (1).
These both sign are sharp resolution and dynamic nature of the structure, meaning terminating wave pattern. This is why I'm so exciting to this post and probably one of the most exciting as "Elliott wave patterns" for me.
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The Diagonal Triangles are easy to identify, and its introduce dramatic reversals in price, typically to the origin of the pattern and then some! Furthermore, the parameters of this wave pattern are easily discernible and useful in formulating a trade plan
The signs that indicate that a Diagonal Triangle is complete : 1. The presence of throw-over and 2. a spike in volume.
Throw-Over: it occurs most often in wave 5 when prices moderately exceed the trend-line connecting the extremes of waves 1 and 3.
A spike: in volume occurs when there is unusually large volume, and it typically occurs in unison with throw-over.
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I am really exiting to see next move.
Suzlon Weekly approaching to strong support.Weekly RSI running to over sold, strong support at 0.618 fib level, great R:R here
Suzlon Energy @critical levelWill it fly high or loss it energy ?
To fly high:
1) Long term support level
2) RSI @ over sold zone
To Loss energy:
1) Bearish flag pattern
2) Near to HL
Suzlon Elliott wave count Suzlon Elliott wave count
Larger 1st wave : coming as leading diagonal
Larger 2nd wave : coming as wxy
L1 finished and L2 running now
Larger 2 wave : it will finished around 0.618 fib of L1st wave ( 6.05 price )
And than we will ride larger 3rd wave
Suzlon is engaged in manufacturing of wind turbine generatorsSuzlon Energy is primarily engaged in the business of manufacturing of wind turbine generators (WTGs) and related components of various capacities.
SUZLON.....expected uptrendThe stock is on uptrend and is expected to reach the levels soon once it crosses the resistance levels above its current price.
