Sunday, March 21, 2010

suzlon : Stay away from it as signals are confusing

Technical signals are not very clear for suzlon MACD and RSI are bearish , but trading above 20 DMA which is  itself a strong support ...It is repelled by upper bollinger but consolidating at DMA since 4 sessions if on Monday successfully break the support then a 5 to 7 % fall won't be ruled out so here my suggestion is just wait and watch .

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