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THREETREND RESEARCH

27th Aug · SEBI-Registered Analyst

SUZLON
In the chart, the stock formed a symmetrical triangle pattern, where price consolidated within converging trendlines, showing decreasing volatility as both buyers and sellers waited for a decisive move. Eventually, the price broke out above the upper trendline with strong bullish candles, confirming a triangle breakout and signaling a shift in momentum from consolidation to an uptrend. This breakout indicates that buyers regained control, often leading to a continuation rally with increased volumes and higher price targets

#TechnicalViews#FundamentalViews
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