SULZON Energy, India 
SUZLON
Weekly Chart
Market Structure & Price Action
Indicators & Volume
Trading Idea
SUZLON Weekly Chart
Market Structure & Price Action
- Macro Pattern: Following a powerful multi-year uptrend, the price entered a major corrective phase, compressing inside a textbook macro Falling Wedge pattern since late 2024.
- Current Phase: The stock has staged a sharp, aggressive reversal from its structural lows near 40.0 and is currently challenging the upper converging resistance boundary (blue line) at 58.5.
- Support/Resistance: Immediate key support is firmly established at the 51.0 horizontal floor (solid orange line). A successful breakout shifts focus to the major historical structural targets at 74.3 and the macro peak at 86.0.
Indicators & Volume
- Volume: Trading volume has expanded significantly on the recent weekly advance, indicating strong institutional accumulation and the "coiled spring" dynamic typical of late-stage wedge patterns.
- MACD (12, 26, 9): Registering a highly bullish posture; a fresh crossover has triggered below the zero-line, accompanied by a steadily expanding positive histogram that confirms a massive influx of upward momentum.
- RSI (14): Tracking firmly at 58.35 and accelerating above its signal line (48.19), clearing the neutral 50 zone to signal that buyers have completely reclaimed control of the macro trend.
Trading Idea
- Entry Strategy: A confirmed weekly close above the wedge's descending resistance line at 58.5 triggers a high-probability breakout entry. Alternatively, look to build exposure on any minor retests of the 51.0 structural support.
- Target: Initial technical targets sit at 74.3, with a secondary macro projection mapping toward a full retest of the pattern's origin at 86.0.
- Stop Loss: The bullish structural thesis invalidates on a weekly close below the defined support level at 51.0.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.