Thursday, June 3, 2010

Suzlon - Wind changes ahead ?

The Nifty opened in up gap and remained positive throughout the day.... But what rallied today was what I was constantly suggesting on this Blog - Telecom .... RCom / IDEA/ et al....

Well, one stock which is currently hovering around its previous low ... is SUZLON ...

The volume build up at the current lows is firming up and on a price rise with volume expansion in few days, the scrip should see some 'value buying'... Even on the Daily charts today there is a typical Candlestick pattern made - called the 'Bullish Haaraamee"



I expect that a break above Rs 57 should give a corrective move towards Rs 65+ levels . Keep a stoploss near Rs 53.

The SuperTrader Workshop series is starting on Mon 7th June ... So - Hurry up and get registered ! (Also planning SuperTrader Workshop series at Ahmedabad - Will inform on this blog once finalised).

CA Rajiv D Khatlawala
www.investogyan.com

2 comments:

Vipin said...

sir any workshop in delhi?

Unknown said...

Hi Vipin ,

Not planned yet in Delhi ... But if we have 15 participants, I can plan one in July ( normally we have monthly planning, so June is planned at present)

Let me know ...

Regards,
CA Rajiv D Khatlawala
www.investogyan.com