jitenjaipuria
Long

Tide is turning around for Suzlon. We may be at bottom

NSE:SUZLON   SUZLON ENERGY LTD
Suzlon has been in bear run for a long time now.
the chart is self explanatory. Bulls are looking to enter!
The reversal will happen when signal line crosses zero.
Wait for it
Comment: hourly chart shows a similar hidden bullish picture
Comment: monthly chart corroborates our suspicion
Comment: if price action moves up from here then fibonaci targets are marked
Comment: 9% intra day rise.......bang on target!
Now we look for follow through

Comment: Chart is still bullish with failures of bear to get a lower low. In fact we may gap up any session now. The bullish scenario gets invalidated only with a new lower low
Comment: Stage set for gap up.lets see how it goes from here

Comment: Each day I see people trying to short this stock and getting squeezed. From 5 it has gone to 5.5
Comment: suzlon is now headed for an accumulation phase where price will trade in a range centered around five for some time. its a great call for medium term over many months where people can get great returns. you will get a chance to re accumulate suzlon around 5. enjoy. watch out for breakout above consolidation
Comment: it has started i guess......we have a bullish pin bar being printed on monthly chart now
Comment:
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