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Suzlon Energy Trend Analysis
SUZLON ENERGY LTD
Short
Suzlon Energy Trend Analysis
By Swastik24
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Jul 4, 2023
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Jul 4, 2023
Suzlon's turn-around potential has already rewarded multibagger returns to its hopeful investors.
The aggressive reduction in borrowings, increasing profit margins and increasing revenue post covid are the signs that Suzlon is on the right track.
Technically, the price has formed an abc pattern that touched the FIB golden zone (18.45) today.
The target is somewhere between 18.40 - 19.95
I believe this is the best time to lock in profits.
Further accumulation can happen around 10-12 zone.
As always, do your own due diligence before taking any action.
Peace!!
Beyond Technical Analysis
Chart Patterns
suzlon
suzlonenergy
suzlonenergytarget
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Trend Analysis
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