Quick-look-at-the-triangle-breakdown in Suzlon

It had to happen – a price breakout down or a price breakout to the upside.
Let’s take a quick look at the intermediate-term price triangle that formed in Suzlon.

Keeping it simple, you can view it as an descending triangle or a price compression pattern. The implication is that price CANNOT remain trapped between the trendlines forever, as they are clearly converging.

There is goodd possibilty of testing the lows @ Rs. 40 . I think that is a very good support at this moment. Lets keep an aye on this..

Happy Investing..

Bhupesh

Updates

Book Profit in Gati - Call Given @68

Hold SPARC

Hold S Kumars TGT 100.

Thanks.
Happy Investing!

BULL'S EYE - S Kumars

S kumars Nationwide is making a higher high and higher low pattern, which means it is in uptrend. Recently it has a break out above Rs. 80 and made a 52 week high of Rs87.
But this is not done Yet. The uptrend is not yet over.
The undertone is still bullish.
My view is buy this @ current level of Rs. 83 with a SL of 79 for the TGt of 100.
Happy Investing.