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SUZLON ENERGY LTD.SUZLON ENERGY LTD.SUZLON ENERGY LTD.

SUZLON ENERGY LTD.

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SUZLON trade ideas

Suzlon Energy hits 9-year high; up 5% on strong Q2 results,Suzlon Energy hits 9-year high; up 5% on strong Q2 results, order book CRISIL expects profitability of Suzlon to grow further and achieve Ebitda above Rs 750 crore in FY24, driven by increasing fleet base of O&M business and positive tailwinds in Indian wind sector Shares of Suzlon Energy hit nine-year high of Rs 34.44, up 5 per cent on the BSE in Friday's intraday trade, after the company reported 82 per cent year-on-year (Y-o-Y) rise in its consolidated profit after tax (PAT) at Rs 102 crore for the September quarter (Q2FY24) mainly due to decline in expenses. The company had posted PAT of Rs 56 crore in the year ago quarter. Shares of Suzlon Energy were quoting at their highest level since June 2014. It surpassed its previous high of Rs 34.10, touched on October 23. Thus far in the financial year 2023-24, the market price of Suzlon Energy has zoomed 335 per cent from a level of Rs 7.90 at the end of March 2023.
NSE:SUZLON
by chetnaparmar833
3
SUZLON-MORE WIND REQUIRED TO SAIL THROUGHSuzlon, once a darling of the stock market, has shown signs of strength by crossing a major hurdle of ₹25.70, which it had been trying to cross since January 2012. This is a very positive sign, and it indicates that the stock could be poised for further gains. On a monthly scale chart, Suzlon has finally succeeded in crossing the crucial ₹25.70 mark after almost 10 years and 9 months. This is a very good sign, and it suggests that the stock is entering a new bullish phase. According to Fibonacci retracement, the stock's first target is ₹40.40, which is a very important level of 1.618. If the stock breaks above this level, it could then move towards ₹64.55, which is the 2.618 Fibonacci retracement level. I am closely monitoring this stock, and I am optimistic about its future prospects. However, it is important to note that I am not a SEBI registered advisor, and my views are personal and may be biased as I am invested in this stock. Please consult your financial advisor before making any investment decisions.
NSE:SUZLONLong
by vipinguptaca
1
Suzlon hits 8-year high;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 12.56 million shares so far on the BSE as against its 2-week average volume of around 34.52 million shares. In comparison, the S&P BSE Sensex was flat around 64,875 level.
NSE:SUZLON
by chetnaparmar833
Cup and Handle chart patternThis chart pattern is shaped like and resembles like a cup and handle that's why its named the same as cup and handle chart pattern. Shape: A “U” shaped bottom is preferred over a “V” shaped bottom as it indicates more consolidation. Ideally, the highs on either side of the cup should be equal. Duration of formation: The cup can take anywhere from 1 to 6 months to form, while the handle should take 1-4 weeks. Confirmation: The pattern is confirmed as bullish when the price breaks above the previous highs (the neckline) with strong volume. A buying opportunity arises when the price moves above the old resistance level (right side of the cup). Volume: Volume should decrease as prices fall to form the base of the cup and remain below average. As the price begins to rise again, volume should increase. Target: The profit target is calculated based on the depth of the cup. Measure the distance from the bottom of the cup to the neckline and extend that distance upward from the breakout level. Also it can give sometimes three times of depth of the cup. Risk Management: A stop-loss can be placed at the bottom of the handle or below a swing low within the handle if there were multiple price oscillations. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Thanks RK💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SUZLONEducation
by RK_Chaarts
7