Suzlon is best used as trading stock
Wide trading range between 70-49, 70 is a strong resistance above which 74 and 82 can be tested. Strong support at 49-46 a close below which will be bad. It is also a high beta stock so will be very volatile whenever suzlon support coincides with a nifty support buying chance is there as long as stock is above 49.
Stock is also below all DMA so is weak however that should effect long term investment
Also taking some profit around 77-80 area is a good idea.
2 comments:
Perfect analysis. Entered at 50.45, booked at 66.80.
With Regards
Dharmesh
THANKS Dharmesh Bhai :)
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