SHORT TERM TRADES: SUZLON, SITICABLE

SUZLON:

1. BUY at cmp 20.5
2. There exists a resistance at 20.85, which is likely to be broken on the upside, so preempt it.
3. Keep a stop loss at 17 closing basis
4. Targets are 22.4, 23.7, 25. in 1-2 months. If fundamental changes go off well, 3 month target could be 30. Well worth the risk!!

ALL THREE TARGETS HIT

SITICABLE:

1. BUY at cmp 29
2. The scrip had a major resistance at 25-26 levels which it has broken out of recently. Some part of the upmove is already over but enough is still on the table.
3. Keep a stop loss at 25 closing basis
4. Targets are 33, 37 and over a longer time frame, 45
5. As I said, a part of the breakout upmove is over, so the scrip could consolidate for some time but the abovementioned targets are definitely on.