Price moving in channel and trendline breakout--->Suzlon Energy
1.Price is moving in Upper channel in Weekly timeframe(Green line).
2. Price might face resistance at upper trendline(Black color).
3.If price breaks first trendline then the price might take resistance at 2nd trendline(green line).
4.Price has given trendline breakout(blue line).
5.RSI is at 65 and macd positive shows bullishness in stock.
2. Price might face resistance at upper trendline(Black color).
3.If price breaks first trendline then the price might take resistance at 2nd trendline(green line).
4.Price has given trendline breakout(blue line).
5.RSI is at 65 and macd positive shows bullishness in stock.