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
publishing just to make it easier for traders to understand,
Suzlon yet to end sideway move. keep check on movement near upper and lower range.
Expected to move down, will get confirmed once out of channel. share in consolidation for last 15 20 days and ready for move now.
Share is in side ways move. can be traded in the range. can't be considered for mid term or long term till the time it is in the range.