- Its is trending down nicely.
- Confirmed by 50 EMA (blue line) downwards! - Buying spike at bottom is shown!
It will not fall further and a pull back to upper channel line of downward trend or 50 EMA is due in coming weeks!
- Target 230 - 240 medium term, but since overall trend is down, Shorts will be high probability trade rather than buying!
I am personally not buying anything. Will wait for Corrective rise to get over to decide on fresh shorts!
Can anybody explain me why is it dipping at such a low level?
Also, there is a company announcement of "Suzlon Energy Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 27, 2008 to consider the proposal to undertake a rights issue of its equity shares to an extent of Rs 1800 Crores".
What will be the impact of it on the value of the stocks?
Now that suzlon has reached 45 re levels....what is your call on this?? An EXIT at any price below 40? Further, the fact that the profit is down 95% from it's last year's profit, this is also bound to hurt it a lot, right?? Let us know of your views on this.
Hi there, I dont know about results of suzlon but today I was just reading National Post (canada) and it was asking canadian wind turbines companies to gear up to fulfill US energy demand as it is going to explode in coming years. So I think Suzlon will be biggest benificiary as it already has presence in US.