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SUZLON ENERGY LTDSUZLON ENERGY LTDSUZLON ENERGY LTD

SUZLON ENERGY LTD

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SUZLON trade ideas

Suzlon Energy Ltd turn around story ### Analysis of Suzlon Energy Ltd. Chart The chart of Suzlon Energy Ltd. shows a weekly timeframe analysis, with significant points of interest (POI), supply and demand zones, moving averages, and RSI indicators. #### Key Observations: 1. **Historical Context**: - The stock experienced a significant downtrend from the highs of 2009 around 96.39. - It reached a low of 1.56 and has shown a recent uptrend. 2. **Current Trend**: - The recent price action indicates a strong bullish trend, with the price currently around 53.05. 3. **Support and Resistance Levels**: - **Supply Zones**: - Around 84.23-97.02: Significant historical resistance. - **Demand Zones**: - Around 1.56: Historical low support. - Other intermediate demand zones have formed around lower levels where price action showed consolidation before the recent uptrend. 4. **Moving Averages**: - The price is above both the 50-week and 200-week moving averages, indicating a strong bullish momentum. 5. **RSI (Relative Strength Index)**: - The RSI is currently in the bullish zone but approaching overbought levels. Historically, RSI above 70 has led to bearish corrections. ### Strategy Recommendations #### **Buy Zones**: 1. **Pullback to Demand Zone**: - If the price pulls back to the recent demand zone around 42.70-52.84, it can be considered a buying opportunity. This is supported by the previous consolidation and breakout, making it a strong support area. 2. **Breakout Retest**: - If the price breaks above the next resistance around 84.23 and retests it successfully, this would confirm a continuation of the bullish trend and provide a buying opportunity. #### **Sell Zones**: 1. **Supply Zone**: - Around 84.23-97.02: This is a significant resistance area from historical data. Taking profits around this zone is advisable unless there's a strong breakout with high volume. 2. **Overbought RSI**: - If RSI reaches above 70 and starts showing bearish divergence, it indicates potential short-term overbought conditions. This can be a signal to take profits or partially exit positions. ### Conclusion - **Buy** on pullbacks to 42.70-52.84 or on a successful breakout and retest above 84.23. - **Sell** near the supply zone of 84.23-97.02 or if RSI indicates overbought conditions with bearish divergence. Always ensure to use stop-loss orders to manage risks effectively. A stop-loss below the recent demand zone (around 40-42) can help mitigate losses if the trend reverses.
NSE:SUZLONLong
by prince13amit
1
SUZLON - MOMENTUM TRAPStock has been witnessing considerable volume recently. However, caution advised at the current level as it appears the current high is not sustainable in the near short term. Currently, It is making a double top vs 2010 as well as Feb 24 high I believe it would be prudent to wait for the stock to retrace back to 30 instead of getting trapped at the moment, resulting in the completion of the cup neck. Handle formation will take a year or two in my opinion. By 2026, this stock could be a multibagger Disclaimer: This is not a recommendation for buy/sell. This is ust my opinion for educational purposes only.
NSE:SUZLONShort
by Manohar_Shanmugam
2
Suzlon - 2 cup with handle pattern formationThere is a cup with handle pattern as shown in the chart. The technical target of first pattern is 53.55 and the technical target of second pattern is 62.10. The technical targets are supported by good financial results of the company in the past few quarters. Previous quarter also the company performed well and showed its highest ever net profit in the past few quarters. So this can be considered a good trade. Hope you like my analysis. Please do your own analysis before investing. Do like and follow and share among your friends and family. Thank you.
NSE:SUZLONLong
by ronak16125
1
SUZLON Entering 14 Years High ZoneCompany has reduced debt. Company is almost debt free. Company has delivered good profit growth of 19.7% CAGR over last 5 years Strengths: Stable cash flow from the O&M services business to support overall debt servicing: The Group has ~14.5 GW of installed fleet under O&M business as on Dec 31, 2023. While the fleet under O&M reduces with decommissioning of WTGs, post completion of the design life, new wind turbine generators delivered and commissioned get added to the fleet every fiscal. Revenue from O&M services has been steady as this is contractual activity over a fixed timeframe and at contracted price. Also, escalation in revenue is inbuilt into the contracts, ensuring stability of operating margin over a period. The Group has demonstrated stability in revenue and profitability of O&M services business even in stressed times in the past. Stable cash flow with EBIDTA above Rs 700 crore per fiscal from the O&M services business is expected going forward. Leading market position in the wind turbine segment and a healthy order book: The Group has a successful track record of project execution with technical expertise, evident from the healthy market share of 30-35% in the WTG business in India over the past many years and also in cumulative installed capacity. The company’s healthy market position should help to obtain orders in the long run. SEL’s order book stood at ~3.16 GW (as on 31st Jan 24), to be executed till fiscal 2026. The company has been able to overcome the dependence on customer-backed financing to execute orders which had constrained growth in the last fiscal. Improved financial risk profile: The term debt stood at Rs. 1,773 crores as on March 31, 2023, on the back of scheduled repayments of term loan and additional reduction of ~Rs 900 crores from rights issue in October 2022. Furthermore, the company’s networth turned positive as on March 31, 2023 on the back of refinancing (gain on derecognition of OCDs & CCPS) and rights issue of Rs 1,200 crores in fiscal 2023. On August 14, 2023, the company approved the allotment of equity shares to Qualified Institution buyers aggregating to ~Rs. 2,000 crores. The company subsequently utilized the required amount to repay its entire debt at SEL, significantly improving the financial risk profile of the company. Further, SEL does not have material debt funded capex plans over medium term.
NSE:SUZLONLong
by iism-ExpertTrading
SUZLONG DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. We do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. Please keep your comments useful & respectful. Thanks for your support..... Tradelikemee Academy Sanjay K G
NSE:SUZLONLong
by Tradelikemee
SUZLON: Billion Volume, Eyeing 190% Gains in 1.5 Years? 📈💼Embark on a journey of potential gains with SUZLON as we analyze the formation of a weekly order block with billions in volume. NEOALGO's study suggests the possibility of a remarkable 190% return over the next 1.5 years. This is our personal analysis and is intended for study purposes only, not as investing advice. It is recommended to consult your financial manager before making any decisions, as investing always carries inherent risks. Explore the potential, consider the signals from the high-volume order block, and leverage our study to make informed decisions regarding SUZLON's future trajectory. 🚀📊 #SUZLON #PotentialReturns #HighVolumeAnalysis #StudyPurposeOnly
NSE:SUZLONLong
by NEOALGO_PRO
Support and resistance levels of Suzlon by AI.Based on the chart, here are some potential support and resistance levels: Support: 43.80, 40.00, 36.00 Resistance: 48.00, 52.00 The support level at 43.80 is the price where the stock bounced back up after a small dip earlier in the day. The 40.00 and 36.00 levels are horizontal lines that connect previous lows in the stock price. These levels may act as support in the future if the stock price falls again. The resistance level at 48.00 is the price where the stock price has stopped and turned lower several times during the day. The 52.00 level is a round number that may also act as resistance. It is important to note that these are just potential support and resistance levels, and the stock price may not necessarily respect them. However, they can be helpful for traders and investors to identify potential trading opportunities. Here are some additional things to keep in mind when looking at support and resistance levels: The strength of a support or resistance level can be determined by how many times the stock price has bounced off of it in the past. The more times it has bounced off, the stronger the level is likely to be. Support and resistance levels can be broken if there is enough selling or buying pressure. If the stock price breaks through a support level, it could fall further. If it breaks through a resistance level, it could rise further. Support and resistance levels can change over time, so it is important to keep an eye on the chart and adjust your levels accordingly.
NSE:SUZLONLong
by RupeshJain