Suzlon Energy could go higher only if there is a solid close above rs 61 for 2 days for suzlon

As per the daily chart detail of Suzlon Energy Ltd., the stock can go to higher levels only if there is strong close above Rs 61. Othere wise Suzlon will be in the tight range of Rs 45 - 60 levels. The stock is now at Rs 57 levels.

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Eventhough the company is in debt

Eventhough the company is in debt, they are getting fresh orders, that is why Mutual funds are showing some interest in the stock. You can see some big volume coming to the stock in the last one month time, which push the stock from Rs 45 - Rs 57

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There are some positive news for this stock

Suzlon energy getting some fresh orders, which gives some positive outlook for the stock.

Suzlon is India’s largest wind turbine manufacturer. Today they got a 50.4 MW Wind energy projects from Gujarat State Fertilizers & Chemicals Limited .

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Still in the tight range

as i mentioned earlier the stock is still in the tight range.

one can partial profit at rs 50 and second target at rs 55

it will start moving faster only if the range is broken

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