There is strong resistance at 8.45 based on a weekly chart. The orange line at 6.95 acts as a support line. RSI is upwards at 63+. Good time to buy. Hopefully, prices might follow the pattern in the future. It will be retested again at 8.45. As soon as it crosses the barrier, we might see some new heights for this stock.
It has been into consolidation phase since May 2009, now it has given a breakout. Stock still has high volume to break it's next resistance and achieve it's next high.
Buy When Suzlon Closes Above 6.0 and Gives Breakout The Downward Weekly Trendline and also Horizontal Resistance Level.
Hello traders, this is a nice long opportunity here, this stock is been falling from long time, now bottoming out. upside movement looks part of corrective structure. so it might come down after completing that. its cheap right now and i see good r:r here.
www.moneycontrol.com multiples are healthy, share price remain above the suppôrt line and it will continue. i expect a rise
Suzlon yet to end sideway move. keep check on movement near upper and lower range.