POSITIONAL :
“BUY
SUZLON ABOVE 22 TGT 23/24”
“SELL
SUZLON BELOW 21 TGT 20/19”
DAILY RESISTANCE: 22.83, 23.77, 25.27,27.77
DAILY PIVOT POINT: 22.27
DAILY SUPPORT: 21.33, 20.77, 19.27,17.77
DAILY PIVOT POINT: 22.27
DAILY SUPPORT: 21.33, 20.77, 19.27,17.77
The stock is showing correction since past few sessions and also sustaining above lower trend line support level. Currently it has formed reversal pattern on the short term charts and trading below the resistance level of 22.Breakout of its resistance level may show recovery in it where traders can expect targets of 23 and 24 while major support of 20 can be placed as technical stop loss.
MA Type
|
Twenty Days
|
Fifty Days
|
Hundred Days
|
Two Hundred Days
|
SMA
|
22.65
|
23.075
|
24.7315
|
19.9503
|
EMA
|
22.7709
|
23.059
|
22.8599
|
21.3462
|
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