Suzlon Energy – Technical Analysis, Support and Resistance

The stock

is in a clear short-term downtrend on the daily chart. After failing near ₹58–60 the stock has continuously formed lower highs and lower lows and has now moved close to its 52-week-low zone. The latest close is around ₹38.91 with the session low at ₹38.40. Support & Resistance: Immediate support is around ₹38–38.50 which is very important near the current low zone. Below this, ₹37–37.50 can act as the next support. On the upside ₹40–41 is the first resistance zone, followed by ₹42–44. A stronger recovery would require reclaiming ₹45–47. Short-Term Buyers & Holders View: For short-term buyers, the current structure remains weak so confirmation of stabilization is important. A sustained move above ₹41–42 with strong volume can improve the short-term setup and indicate a possible recovery attempt. Until then lower highs remain intact. A breakdown below ₹38 can increase selling pressure toward ₹37–37.50.