suzlonafter long time good movement seen in SUZLON.
risk taker add cmp and near 6
we seen 12/15/20+
view invalid below 4wcb
SUZLON trade ideas
Suzlon is showing the strength. Suzlon is showing the strength in monthly chart. I think trend reversal in monthly chart is a good sign that there is something happening which is favorable of the company. it is just a tutorial purpose and should be consider a buy or sell recommendation.
Bullish for double digitThe intend is strong this time around. MACD is in green, Stochastic RSI is in favorable condition.
Unless promoters play a bit, it has the potential to cross 8.45 (strong resistance). This rally can pull this into double digits.
Not a Financial advisor, DYOR!
Inverted H&S formation in progressNot a fan of penny stocks still just for education let us watch this
short term target for suzlon is 17.30Only after breakout as >>>>
As per chart, long term safe target is 100
looks bullish!!!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.
Suzlon will turn around from 5.95 or beforeRSI is indicating Suzlon indicating Oversold. It will bounce from Golden retracement level 5.95 or before 5.95
Suzlon hold for Target 12+Currently Suzlon completed, 3rd of 3rd wave, wait for Completion of 4th wave of 3rd wave( Consolidation) which will be around 6.9/ 6.4 after that it will be starting of 5th of 3rd wave will be a Bullish wave, which will go upto 12 to 14 levels. Level for invalidation of above strategy is 6.
Suzlon - Bullish - Short Term Investment Suzlon CMP - 3.50
Looking bullish in weekly time frame. One can go for short term trade setup with the following entry, exit & targets
Buy at or above - 3.5 - 4 / Stop Loss 2.60
Target 1 - 4.50
Target 2 - 6.00
Target 3 – 7.50
If it cross 8RS then it will start flying 12
Note: This is my view and for educational purpose only.
Strong Pull back from double topIt 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.
Suzlon Energy Long-Term View Buy When Suzlon Closes Above 6.0 and Gives Breakout The Downward Weekly Trendline and also Horizontal Resistance Level.
STRONG HANDS ...In 2 days the 50 day should be around 4.25 so worst case scenario we dip below support of 4.55 which may happen but we are going up to 7.50 in the short term .
got rejected from 6.05 which was just .20 shy of our resistance so this time we should stop around there for a pull back before further continuation.
This stock still is a no brainer for me at these levels for the long term , trust me there are a lot of bag holders above 11 where we should head to after 8.40 is taken out.( please check all time graph posted earlier , the party begins after 25 i think )
The key with this trade is to be patient or not be a dick for a tick and sell a bit before resistance to buy back the test of support after rejection.
I missed out selling the local top and was a dick for a tick ending up missing out on the ride down and eventual ride back up potentially 45% gains compounded :(
As of now if it dips to test support 4.55 add to your trade cause am sure other whales will be adding before blasting past the 6.25 level.
Buy as much as you can now and read the good news articles about suzy a year or 6 months maybe down the line...
4.15 Never again ....Trading above the 200 day now was expecting it to blast through a few days ago anyways its on track now to the levels on the chart.
What i found interesting was if you look back at Feb 2019 it flew from 6 to 8.50 in 2 days maybe the circuit was different ?
It looks like this company is sorting its self out and has lowered debt , and got rid of the excess baggage holding it down.
Either way short term this is an easy 100% and still at an awesome price to hop on for long term targets . please refer to earlier HTF chart for levels.
Just buy if it dips which i doubt it will from here on .
Was worried that i'm getting attached to this stock however i feel its still got a lot to give back after ruining so many peoples investment.
In other words a lot of bag holders who will sell as soon as they break even which will cause slight dips.
Shake out of Weak Hands Penny stocks are so much fun when they have lesser volume , way easier to manipulate .
Looks like the shake out of weak hands and 3.90 is where it should start flipping to hitting the uppe circuit again .
Following Rolta path as it peaked then pulled back to resume laters .
3IINFOTECH was at the lower circuit this morning and flipped to upper all of a sudden one of the main reasons i avoid looking at order books
since they whales scare the ...... out of you and make you panic and sell.
Long term this bag has solid potential to reach 45 then 145 so if you're in it for the long run chill out.
If youre playing the levels keep 6.25 in mind for the next pull back ....
as you can see on thr graph 4.50 area is a fairly busy area so expected a wee drop .
SUZLON ENERGY - you risk even more when you risk nothing at all Targets 4.5/8.5/13.30/18.80 and 394 ;)
May dip one last time to 3.60 however i really doubt it with the fomo behind it and rumours of Vesta floating around.
Again Long term excellent buy , so i'd still buy in however short term maybe dollar cost average your position?
Look at it this way 8.50 looks like the next target after 4.50 so even if you get in now at 4.30 its a decent trade.
Anyways that just my opinion and i'm going to gold on to my bag for a wee bit longer..
Do you think the long term bag holders would be selling their positions at these levels after buying in around 120 maybe higher ?
FOMO still not there yet .......BUY THE DIP MODE ACTIVATED
SUZLON Think we have a Winner !! Looks like the reversal has begin on the daily chart see it trading above the 200 day and confluence of the 3 moving averages .
Its got a fairly good set up worldwide and into something i like.
Time to rise from the ashes my friend and wary of your carbon footprint.
Targets to the moon .....
High Risk if you're going all in but high returns if you get in now... exit anytime you feel like .
raise your stops once in profit which i expect should be very soon after your entry .3.15 now !
4.55 and 7.35 next stops pretty quick!
Sometimes its just better to swing than Intra day .....
145 is my moon bag just in the interest of transparency as for the rest going to play the levels :)
I have no clue about this company's finance which are apparently dire howevr going solely on TA and the expected FOMO.....
