Suzlon CMP: 62.50; RSI: 32.77
At present script is near to oversold territory, script has corrected to 27% in near term, fundaments of the compny is good, it can be accumulated at current price, it has good risk to reward ratio
Acuumulation Zone : Rs:60-62
Near term Target levels - Rs: 67-72-77 (3 months)
Long Term : Rs 86-87 (6 Months)
Stop loss- 54.5 (On closing basis)
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At present script is near to oversold territory, script has corrected to 27% in near term, fundaments of the compny is good, it can be accumulated at current price, it has good risk to reward ratio
Acuumulation Zone : Rs:60-62
Near term Target levels - Rs: 67-72-77 (3 months)
Long Term : Rs 86-87 (6 Months)
Stop loss- 54.5 (On closing basis)
✅For more trading ideas like this, please like, share, and follow my Idea Stream✅
Trade active
Target 1: 67 (Achieved, in intraday ) -67.39Note
Chart structure is still intact, Gartely Harmonic pattern is visible on charts. Accumulate at 61 - 63 level for the target of 78-84-86.
✅For more trading ideas like this, please like, share, and follow my Idea Stream✅
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.