Suzlon - May the force be with you !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 illuminating idea I say).
So back to Suzlon, seriously ignore trump saying windmills is a bird mortuary, we all know what trump is.
Solar energy (Still toxic) + Wind gives an incredible long-term low-cost solution for a Power-Hungry country line India. Now with greater power demand from any source, this stock may give a gigantic jump. DIIs have increased their share quite bit, I am just worried to see that LIC moved out of this share last quarter. Let’s watch the holding space more.
Trend wise, like ZeeL, this stock is all set to complete the Cup Pattern soon. Post Cup, sky is the limit. Who knows, Mota bhai may just burp and acquire this company and all its ancillary units. lol.
160 seems to be cup's neck. Fingers crossed!
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
Suzlonenergy
Suzlon trading in a channelSuzlon 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 any positions.
SUZLON is near 200 EMA (weekly) and 52 week high.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 trend.
(Also from May 2018, it can be stuffed inside a rounding bottom pattern too. If true, then it can help it to go up for way more than ever.)
Positive news attached to Suzlon : It has been performing good last week since company bagged an order from CLP India to develop a 252 MW wind power project at Sidhpur.
PS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.