This chart pattern is shaped like and resembles like a cup and handle that's why its named the same as cup and handle chart pattern. Shape: A “U” shaped bottom is preferred over a “V” shaped bottom as it indicates more consolidation. Ideally, the highs on either side of the cup should be equal. Duration of formation: The cup can take anywhere from 1 to 6...
After very long long time we can see positive movement in this counter, if you are invested in this stock please sit tight my target is minimum 32 + I will buy on dips very small quantity of my entire portfolio My stoploss is very clear @ 13₹
SUZLON (M) - >It has completed the Falling Wedge pattern in the larger picture - ABC >After completing the C Wave, it has formed the leading diagonal - Wave 1 & currently in Wave 2 >Go LONG above 12.2 on Weekly closing basis >Volume - Highest ever since its inception #Stocks #EW
Suzlon 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...
Pls be cautious while buying it. Try to have short term view, do not by it after 15/- for long term. It seems like now everything is being bit overvalued to buy so players are rising its price on some improvement in its current financial scenario from last year. I not pessimistic on it but still do not gain that trust of having so many years of losses to be...
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% Please consider these ideas for educational purpose Comment below if you are looking for any answers.
SUZLON has given breakout at 12 levels which has been resistance zone for 1.5 years. It has given- good breakout with huge volumes. If the business does well from here on, this can be one of the multibagger stock which has been under-rated for years now. Initial target is 18 then 20, 27, 33. SL: Daily candle close below 12.
Suzlon energy ... looking good Breakout above 12 on weekly chart ... Support 8 rs
Soon we may see breakouts in all power stocks, keep a watch only for education purpose
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.
BUY - SUZLON ENERGY LTD CMP - Rs. 7 Target - 1: Rs. 9 Target - 2: Rs. 10.65 Target - 3: Rs. 11.65 . . . Technicals - 1) Bullish Bat Harmonic Pattern. 2) Targets set using Fibonacci Retracements. . . Comment: Target - 3 will be achieved in 4-8 months. . . Follow me for more!
MONTHLY 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...
Suzlon Daily has Cup n handle breakout. Good to buy at 11.60 for target of 99 with sl below 10
We 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...
SUZLON 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 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...
1.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.
One 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...