Suzlon energy has given a Inverted Head and shoulder trend reversal breakout this week. From last 3 years, the stock was taking resistance around 8.5 and this week it has successfully broke that barrier with very high volumes. As everyone knows this is beaten up stock. Therefore, I recommend to buy this stock in small quantities whenever it touches new highs. Consider we have to buy this stock for one whole year, hence, my recommendation is to put only 10% of your amount around 8.5 and keep buying over the period of time. This stock will test your patience, however, it is looking good on long term chart.
Target - 14, 20 for Medium term.
Target for long term is way high.
SL - 6.5 W
View - Long term.
Target - 14, 20 for Medium term.
Target for long term is way high.
SL - 6.5 W
View - Long term.