Suzlon Energy had given breakout of Rounding Bottom at 20. Now breakout above 27 will be massive. Can be initiated above 27 with SL of 20. Target 1: 35 and Target 2: 50 and then next big hurdle will be 99
SUZLON again took support this week over the rising trendline which it has been respecting from over 7 months since it began its wonderful breakout. The descending resistance line was also broken out today. Pennant formation. The swing breakout also sent price above 10 and 20 EMA and a crossover was avoided. RSI again crossed over 60 and yesterday was 5% upper...
BUY - SUZLON ENERGY LTD
CMP - Rs. 11
Target - 1: Rs. 25
Target - 2: Rs. 48
Target - 3: Rs. 70
Technicals - Trendline BO and Cup and Handle Pattern BO
This is just a view by an expert analyst, please invest at your own risk.
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Suzlon hits 8-year high; up 197% so far in FY24
Shares of Suzlon Energy zoomed 5 per cent, to a hit an 8-year high at Rs 23.49 on the BSE in Monday's intra-day trades backed by heavy volumes. The stock is now seen trading at its highest level since August 2015.
As of 09:35 AM; the stock quoted at Rs 23.35, up 4.3 per cent. The counter had seen trades of around...
Pls be cautious while buying it. Try to have short term view, do not by it after 15/- for long term. It seems like now everything is being bit overvalued to buy so players are rising its price on some improvement in its current financial scenario from last year. I not pessimistic on it but still do not gain that trust of having so many years of losses to be...
The trade is risky. Invest small amount only. The green line represents support. The price is moving in a upward parallel channel for the last few months . Now the price has bounced back on daily chart both from the green line as well as the lower parallel line. The blue line will be the target.
Target - Rs.10.50
The great energy crisis. Its global.
What does Suzlon do - Manufacturing of wind turbines.
What has changed, Coal Scarcity, Brent is at $85, best, Parali burning (Crop Burning) season is back on.
So, we need clean energy more than ever, do read Chris Martin's no concert pledge since 2017. He is coming up with jump and create charge concert (Fantastic and...
Suzlon has been trading a channel for a few months and looks to have reversed from the lower support line. Looks like a good opportunity to enter once we get a closing candle above the 20-ema in weekly timeframe and can be held for a couple of months till it reaches the upper support line.
Ps : I am not a registered advisor so do your due diligence before taking...
Suzlon Energy Ltd has been always trading under 200 EMA in Weekly chart, but now it is facing some resistance because of it and also because of support/resistance zone valid since 2018. Last traded price is 7.35 and the 52 week high is 8.45. If it crosses these, expect strong pull back too. But you may enter after this pullback for short term, following the...