Suzlon Energy – CMP:65.92
•Looking at the chart, Suzlon has just completed a Bullish Harmonic Bat Pattern. After the “D” point was hit, the stock bounced nicely, and it’s now consolidating around ₹66 – which could be the calm before the next move.
•RSI is sitting around 60, which is healthy – not overbought, so room to go higher.
•Volume has picked up recently after the bounce from point D, suggesting buyers are stepping in.
✅ Entry Idea
Right now, Suzlon is trading around ₹66, just above its key EMAs. This is a solid zone to start building a position.
• You can enter around ₹65–67.
• If the stock dips a little more, ₹63–64 is a great place to average or initiate as well (near the 50 EMA).
🔒 Stop Loss
To manage risk:
• Place your stop loss below ₹59.50, just under the 200 EMA and the last structure support.
• If you want a tighter SL, go with ₹61 (that still keeps you safe).
🎯 Target Zones (Think in 3 Stages)
As per the pattern aiming for multiple levels as the pattern unfolds and price fills the upside gaps:
1. Target 1: ₹69-71 – This is a nearby resistance and short-term goal.
2. Target 2: ₹76-78 – There's a visible price gap here + past selling zone.
3. Target 3: ₹84–86 – This is the harmonic target, where the full pattern projects to.
Keep in mind, you don’t have to ride it all the way – partial booking at each target is a smart move.
📌 Thanks a ton for checking out my idea! Hope it sparked some value for you.
🙏 Follow for more insights
👍 Boost if you found it helpful
✍️ Drop a comment with your thoughts below!
•Looking at the chart, Suzlon has just completed a Bullish Harmonic Bat Pattern. After the “D” point was hit, the stock bounced nicely, and it’s now consolidating around ₹66 – which could be the calm before the next move.
•RSI is sitting around 60, which is healthy – not overbought, so room to go higher.
•Volume has picked up recently after the bounce from point D, suggesting buyers are stepping in.
✅ Entry Idea
Right now, Suzlon is trading around ₹66, just above its key EMAs. This is a solid zone to start building a position.
• You can enter around ₹65–67.
• If the stock dips a little more, ₹63–64 is a great place to average or initiate as well (near the 50 EMA).
🔒 Stop Loss
To manage risk:
• Place your stop loss below ₹59.50, just under the 200 EMA and the last structure support.
• If you want a tighter SL, go with ₹61 (that still keeps you safe).
🎯 Target Zones (Think in 3 Stages)
As per the pattern aiming for multiple levels as the pattern unfolds and price fills the upside gaps:
1. Target 1: ₹69-71 – This is a nearby resistance and short-term goal.
2. Target 2: ₹76-78 – There's a visible price gap here + past selling zone.
3. Target 3: ₹84–86 – This is the harmonic target, where the full pattern projects to.
Keep in mind, you don’t have to ride it all the way – partial booking at each target is a smart move.
📌 Thanks a ton for checking out my idea! Hope it sparked some value for you.
🙏 Follow for more insights
👍 Boost if you found it helpful
✍️ Drop a comment with your thoughts below!
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関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。