This weekly chart shows A big Triangle which is almost complete. A close above 18.50 Should trigger Further momentum towards 24 - 28 and even higher levels. i will Buy only above 18.50 closing and put stop below 16 closing. Todays closing price (CMP)is 17.85
SUZLON trying to move up after long time, it will be too early to say they will go up defiantly in future, but can buy small quantity and keep adding if it is going up.
SUZLON good results this quarter.
It is been observed that the price action broke out from the trending channel and also retraces back to previous support levels on last trading day. It is to observe today that whether the price action goes up again and breaks the previous high of 18 (where we keep our stop loss) or it fails to go up and continues to the prevailing down trend and breaks previous...
my views !
buy only at 13 odd levels ( and then c how it reaches the 32-35 band ) lot of resistances
or
buy only beyond 32-35 levels ( it can be a multibagger thereafter )
: only for knowledge purpose
disclaimer : invested at very low levels ( was getting it cheap and the mgt is good )
The chart has broken out of a symmetrical formation of over a year. Today's volume has confirmed the reversal in trend. Buy in 16-17 range for near term target of 20-21. Medium term target is now 30.
Would appreciate views from others also..
