SUZLON: 27% Gains in 42 Days!

17 nov 2024

SUZLON ENERGY Stock - Short Trade

Trade Summary:

The 4-hour chart of Suzlon Energy showcases a textbook short trade setup, with Targets 1, 2, and 3 already achieved using the Risological swing trading indicator.
This trade has delivered a remarkable 27% profit in just 42 days since the entry.
Target 4 is now firmly in sight, with strong bearish momentum supporting the trend.

Trade Highlights:
Entry Price: ₹76.90
Stop Loss: ₹81.47 (strategic risk placement)

Profit Targets:

• TP1: ₹71.26 ✅
  
• TP2: ₹62.12 ✅
  
• TP3: ₹52.98 ✅
  
• TP4: ₹47.33 (nearing completion)
  

Analysis:

• Bearish Momentum: The price remains under the influence of a downsloping Risological Swing Trader indicator, confirming sustained selling pressure.
  
• Steady Decline: The stock has consistently formed lower highs and lower lows, with the red EMA line reinforcing the downtrend.
  

Next Steps:

• For those already in the trade, tighten trailing stops to safeguard profits while giving the trade room to hit TP4.
  
• For new entrants, consider waiting for a retracement before entering to manage risk effectively.
  
• Patience is key—TP4 is well within reach! 🧘‍♂️📉