Reversing Trend: Suzlon indicates a potential trend reversal.
Volume Increase: Noticeable increase in volume at the support level suggests buying interest.
Support Level Holding: The stock has successfully held above the 4-hour (4H) support level during market correction.
Possible Retest: There may be a retest at the 72-73 levels before the stock begins its upward move, providing a potential buying opportunity.
Targets:
Initial Target: A short-term target of 78, with anticipation of upward movement after the retest.
Extended Target: If the stock sustains or surpasses the 78 level, the next target would be in the range of 81-82.
Disclaimer
This chart is for study purposes only and not a recommendation to buy or sell Suzlon stock. Please conduct your own research and consult with a financial advisor before making any trading decisions.
Volume Increase: Noticeable increase in volume at the support level suggests buying interest.
Support Level Holding: The stock has successfully held above the 4-hour (4H) support level during market correction.
Possible Retest: There may be a retest at the 72-73 levels before the stock begins its upward move, providing a potential buying opportunity.
Targets:
Initial Target: A short-term target of 78, with anticipation of upward movement after the retest.
Extended Target: If the stock sustains or surpasses the 78 level, the next target would be in the range of 81-82.
Disclaimer
This chart is for study purposes only and not a recommendation to buy or sell Suzlon stock. Please conduct your own research and consult with a financial advisor before making any trading decisions.
Note
As mentioned, Suzlon has retested the 72-73 level.Note
Initial Target of 78 hit today. 
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.
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.