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SUZLON: Swing Breakout Idea

Oleh pchere
Diupdate
SUZLON again took support this week over the rising trendline which it has been respecting from over 7 months since it began its wonderful breakout. The descending resistance line was also broken out today. Pennant formation. The swing breakout also sent price above 10 and 20 EMA and a crossover was avoided. RSI again crossed over 60 and yesterday was 5% upper circuit. It might continue its upward journey if it crosses the 27 high.
Catatan
It has broken it previous high at 27 and is holding above the level with consecutive 5% tops.
breakoutsPennantpennantbreakoutpennantpatternsuzlonsuzlonenergyswingswingtradingTrend LinesTriangle
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