📊 Suzlon Energy Ltd. – Bullish Breakout Retest

Suzlon has formed a classic flag & pole pattern on the weekly chart. 🚀 Pole: Strong rally from late 2022 to mid-2024 with solid volume. 📉 Flag: Healthy downward channel (consolidation) with low volume. ✅ Breakout: Recent breakout above the flag confirmed with strong volume. Currently retesting the breakout zone around ₹65. 🔑 Key Levels: Support: ₹65 (immediate), ₹62.76 (next key level) Resistance: Previous highs near ₹75-80 🔍 What’s Working: Volume behavior perfectly supports the bullish setup. Strong bullish candles with minor profit-taking pullbacks. ⚠️ What to Watch: Sustained breakdown below ₹62.76 could weaken the structure. Re-entering the flag zone would negate the breakout. 👉 Pullback towards ₹65 could offer a buy-on-dips opportunity. 📢 Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all documents carefully. 🔗 Investor Charter & SCORES complaint link available in bio.