Couple of my friends ask me about suzlon. It is one of the trader's favorite share as it is a very high beta stock. Let look at the Stocashtic for the Suzlon. I have taken the parameters as 9,3,3.
It is currently trading around 97 level where its 200 SMA lies. IF it is able to cross that one and able to sustain qbove 100 for couple of days, we can see a rally upto 120-130. but if we get into a correction, then it can go southward to 81-65 level. THE STC chart suggest long term trend intact but a short term correction is due, as shown by arrow divergence above.Happpy reading!!
i have suzlon 100 shares Rs.89 what should i do? cani hold or sold it?
ReplyDeleteHold it as it will go up in coming days. By mid-Jan it may touch 100. Company is reducing their debt by selling part of their subsidiaries like Hansen
ReplyDeleteamit rawat