Need Advice on Suzlon Enery

Hi,

Suzlon is currently [email protected]
Is it better to invest in this company in long run(6-12 months)?

Thanks,

I'd say YES. Its has more or, less reached its bottom for now with a good enough support arnd 50-52.

I believe chances of going up are more than it retracing further down.

You may BUY with a Stop-loss of 50. I hope to see 70-75 levels in a few months time. However, be aware that a lot of people are stuck in this counter at various levels and majorly arnd 90-100 and 68-72. So crossing 70s would be a real uphill task for this share.

Disclosure: I don't hold this stock but am actively tracking it.

Ankit Mathur

Dear kris406,

I have about 600 shares of suzlon at 70-75 levels. I would advice you to hold. Short term the stock isnt going to perform much but after 2-3 years you expect good returns.

Regards
The Fat Man

With the Rights Issue.. i think the price will stick to current levels in short term

dear sir,

suzlon may see rs 31 if breaks rs 53 support.
it has broken downwards in symetrical triangle and can go to 31.

the weekly and daily charts say so/
thnks


sumit

And where is the chart that you an analyze? Could you kindly upload it?

What is the time frame you are viewing for the target of Rs 31?

the chart is attached .

it is a descending triangle and can go to 30 the target may be achieved in 4 weeks.

it is weekly chart .

the daily chart also shows similar reading but requires 41 days to achieve the results.

i hope you find information suitable.


sumit

But..Money control says that Suzlon may stay at 60 levels.....(26-Jun-10)

Kris .

Pls don't believe MoneyControl or any other site owned by channels. They tend to misinform investors so that you get stuck while they are manipulating prices.

Pls see the charts and make your own decisions.

regards

you are right we should not believe any one when money is involved but we need to have understanding of chart reading before we starting acting on our reading.

I feel downside is limit in SUZLON . See on chart this bounce from 52.95 on 9th June is same as on 4th Nov 2009. So now it will move up for some time and then lets see what will be there.