pchere

SUZLON: Swing Breakout Idea

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NSE:SUZLON   SUZLON ENERGY LTD
SUZLON again took support this week over the rising trendline which it has been respecting from over 7 months since it began its wonderful breakout. The descending resistance line was also broken out today. Pennant formation. The swing breakout also sent price above 10 and 20 EMA and a crossover was avoided. RSI again crossed over 60 and yesterday was 5% upper circuit. It might continue its upward journey if it crosses the 27 high.
تعليق:
It has broken it previous high at 27 and is holding above the level with consecutive 5% tops.
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