Company: Suzlon (Turn around story for wind energy)
- Earlier made cup with handle on weekly chart
- Tight consolidation with handle on right side (If handle has one shakeout it is good, if it has two shakeout then it is best but here there is no shakeout)
- Volume drying at bottom
On Daily Chart currently:
- Cup with handle again formed
- One shakeout at handle increases the probability to play out
- Low volume at bottom when forming cup
- Handle forming with decreasing volume which is good
- Two shakeouts while forming cup is good sign
- Hoping this will play out soon
Disclaimer : I have position in this stock so I am biased. Please go through concalls, result and presentation to develop conviction.
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