Tide is turning around for Suzlon. We may be at bottom

Suzlon has been in bear run for a long time now.
the chart is self explanatory. Bulls are looking to enter!
The reversal will happen when signal line crosses zero.
Wait for it

Note

hourly chart shows a similar hidden bullish picture

Note

monthly chart corroborates our suspicion

Note

if price action moves up from here then fibonaci targets are marked

Note

9% intra day rise.......bang on target!
Now we look for follow through

Note

Chart is still bullish with failures of bear to get a lower low. In fact we may gap up any session now. The bullish scenario gets invalidated only with a new lower low

Note

Stage set for gap up.lets see how it goes from here

Note

Each day I see people trying to short this stock and getting squeezed. From 5 it has gone to 5.5

Note

suzlon is now headed for an accumulation phase where price will trade in a range centered around five for some time. its a great call for medium term over many months where people can get great returns. you will get a chance to re accumulate suzlon around 5. enjoy. watch out for breakout above consolidation

Note

it has started i guess......we have a bullish pin bar being printed on monthly chart now

Note

jitenjaipuria

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

jitenjaipuria

Also on: