Greetings Folks,
today I have prepared a setup of SUZLON on NSE
the analysis is as follows-
-the price recently broke out of a bullish pattern
- its currently respecting a static resistance, which will get break in next trading day
- the above resistance marked is the previous high, if price breaks pass through it the same day, this would indicate that the bullish trend still has power left, if it takes 2-3 trading days to breakout the previous high, dont set the target more than 4-5 % for safety
don't play with fire, always use a predefined stoploss
today I have prepared a setup of SUZLON on NSE
the analysis is as follows-
-the price recently broke out of a bullish pattern
- its currently respecting a static resistance, which will get break in next trading day
- the above resistance marked is the previous high, if price breaks pass through it the same day, this would indicate that the bullish trend still has power left, if it takes 2-3 trading days to breakout the previous high, dont set the target more than 4-5 % for safety
don't play with fire, always use a predefined stoploss