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IIFL Top 5 Picks: Technical Analysis

Mumbai | April 06 2011 14 : 06 IST | Economic Times, Delhi
On the medium term chart, Suzlon has formed an 'ending diagonal' which is a trend reversal pattern with prices piercing above the falling resistance line of 46. The immediate hurdle is seen at 53. However, the amplitude of the pattern indicates sharp upside towards 60 in the short-term.

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