Friday, April 22, 2011

SUZLON-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


SUZLON closes  at 57.75 with a marginal gain of +0.6% on 21 April 2011 with formation of Bearish Black(Near Dozi) Candle on Daily  Price Chart. Technically, SUZLON is now in overbought zone. Major Momentum indicators are in over-bought zone. Bill William's Alligator indicators has given early signal of Weakness on Daily price chart.
We Recommend to Sell –  SUZLON at CMP
Target- 50.75/47
Time Frame- 20 Trading Days
Stop-Loss – 59.20
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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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