Suzlon - Short term prospects
Reversing Trend: Suzlon indicates a potential trend reversal.
Volume Increase: Noticeable increase in volume at the support level suggests buying interest.
Support Level Holding: The stock has successfully held above the 4-hour (4H) support level during market correction.
Possible Retest: There may be a retest at the 72-73 levels before the stock begins its upward move, providing a potential buying opportunity.
Targets:
Initial Target: A short-term target of 78, with anticipation of upward movement after the retest.
Extended Target: If the stock sustains or surpasses the 78 level, the next target would be in the range of 81-82.
Disclaimer
This chart is for study purposes only and not a recommendation to buy or sell Suzlon stock. Please conduct your own research and consult with a financial advisor before making any trading decisions.
Volume Increase: Noticeable increase in volume at the support level suggests buying interest.
Support Level Holding: The stock has successfully held above the 4-hour (4H) support level during market correction.
Possible Retest: There may be a retest at the 72-73 levels before the stock begins its upward move, providing a potential buying opportunity.
Targets:
Initial Target: A short-term target of 78, with anticipation of upward movement after the retest.
Extended Target: If the stock sustains or surpasses the 78 level, the next target would be in the range of 81-82.
Disclaimer
This chart is for study purposes only and not a recommendation to buy or sell Suzlon stock. Please conduct your own research and consult with a financial advisor before making any trading decisions.
تعليق
As mentioned, Suzlon has retested the 72-73 level.تعليق
Initial Target of 78 hit today. 
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