In case Stock goes up from its CMP (₹440) then directly stock will halt at its Daily RBD Supply Zone (₹484 To ₹495).
After that sideways or down fall possible for some time because this Daily SZ is formed in Monthly SZ range as shown 👇🏻
These 3 Demand Zones will hold the small selling pressure only.
Because in case of high selling pressure, only those Demand Zones work who coincide with their Higher TF Demand Zones.
That's the another reason I'm waiting for ₹312 Levels.
Conclusion:
We have both SZ & DZ here.
If Stock goes up then ₹484 to ₹495 will be the small reversal level above that new ATH possible.
If stock goes down then it will reverse from its 3 Demand Zones or directly from (₹392 To ₹375: Weekly) & (₹312 To ₹268: Monthly) Levels.
That's it for Today 🇮🇳
If we are meeting for the First Time, then hop on to my Profile & read more detailed Threads 📊
If you learned anything from this thread then Follow me for more.
Retweet the first Tweet to share it with your audience.
Currently, Suzlon is trading at levels that will act as do or die levels for it.
The reason behind this is the stock is coming down from its Half Yearly DBD Supply Zone, which is a negative signal ❌
Currently Stock is reversed from its Half Yearly & Quarterly DBD Supply Zones which means Sellers are preparing themselves to dump this Stock from all angles 🥵
Unfortunately on Half Yearly & Quarterly Time Frames there are no Demand Zones to hold this selling pressure 😐
In that Half Yearly & Quarterly Supply Zone we have a Monthly Overlapping Supply Zone too.
Starting Range from ₹47.30 To ₹56.10 which was formed in June 2011.
The Black horizontal line represents Suzlon Stock High, which was made in February 2024.
1️⃣ Bull 🐂
Bulls are investors who are optimistic about the Stock Market. They believe the price will continue to rise. A sustained uptrend is called a Bull run.
2️⃣ Bear 🐻
Bears are the opposite of bull. They are pessimistic about the Stock Market & believe that prices are likely to fall. When shares consistently decline, it is called a Bear Market.