Thursday, October 22, 2015

Fresh uptrend for suzlon by Akash Mittal

 Shown above is the daily chart of Suzlon. As we can see the stock has completed has ccompleted an A-B-C correction taking 9 months time and has now shown some signs of reversal. The long consolidation period can be a major reason for a strengthen upmove if the stock crosses levels of 26.5 which is currently posing as a resistance for the stock. Above 26.5 expecting the stock to move into a new era of uptrend gaining new highs.Above 26.50 can expect levels of around 36 in a short term duration.