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CA ATIN AGRRAWAL

23rd Jul · SEBI-Registered Analyst

$SUZLON

$SUZLON Technical View The stock has corrected nearly 21% from its 52-week high of ₹66.81, indicating profit booking after a strong rally. Immediate trend remains neutral to mildly bearish as the stock is trading below recent swing highs. The ₹50–51 zone is an important support. A decisive breakdown below this area could lead to further weakness. On the upside, ₹56–58 is the first resistance zone. Sustaining above this range would improve momentum. A close above ₹60 would indicate that buyers are regaining control and could open the path toward the previous highs. Fundamental View Suzlon continues to benefit from India's long-term renewable energy expansion and maintains a healthy order pipeline. However, investors are watching execution, transmission infrastructure, land acquisition, and project timelines closely, as these have recently weighed on market sentiment.

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