Time to keep eye on Suzlon
Suzlon for the past may days has been correcting on low volumes which is likely to continue till it test its support area of 68-66.
The area of 66 is a strong support being a gap support as well as candle support.
The resistance is strong at 84 region which is again a strong resistance being a gap resistance.
If the stock test levels of 68-70 with low volumes traders can buy it with a SL of a close below 66 or 64 with a target of 84-2-84
A close above 84 will really fire up the stock.
5 comments:
hello sir... i have 300 suzlon @ 94. would you suggest that i sell 100/150 @ CMP 73 and will get a chance to recover @ around 66. Thanks in advance.
Not adivisable since the down tgts will be only 5 rs away,
instead holding on to the stock and waiting for cost price seems to be a better idea.
But if you do decide to sell it anyway to recover it at 67-66 please keep an aye on the 75 level as a close above it will set it up for tgt of 84
Thx sir.. i will prefer to go long and try to get few more in case it moves down.
Sir Can I email you? would need your emailid. mine is jennyjenniferjones@gmail.com thx.
Sure its sdeesai@yahoo.co.in
Post a Comment