Suzlon Energy Shares Showing Signs Of Fatigue, Exercise Caution, Say Analysts

Shares of Suzlon Energy Ltd person tested patience of investors successful nan short term. The multibagger banal has moved conscionable 2% successful 3 months. Trading successful a range, nan renewable power banal seems to beryllium moving retired of steam and inclination turning bearish, according to an analyst.

Shitij Gandhi, Senior Technical Analyst, SMC Global Securities said, "After reaching a 52-week precocious successful September 2024, nan banal has undergone a important correction starting successful October. On a monthly basis, it fell complete 16% successful October 2024, followed by a 6% diminution successful November and astir a 1% driblet successful December. The downward inclination continued into January and February 2025, pinch losses of 7% and astir 14%, respectively. Overall, nan banal has mislaid approx. 30% of its worth from October to February.

This month, however, nan banal has shown a crisp rebound aft uncovering support astatine its 100-day exponential moving mean connected nan play charts. Despite this recovery, nan banal remains sideways connected broader charts, arsenic prices tin beryllium seen consolidating successful defined range.

In nan upcoming sessions, nan banal is expected to waste and acquisition successful a scope of Rs 48-62. A decisive break supra aliases beneath this scope will apt bespeak nan stock's adjacent direction. Traders should intimately show value action arsenic sustained activity supra cardinal guidance level could awesome a continuation of nan betterment successful prices. Until then, be aware is advised."

In nan existent session, Suzlon Energy banal was trading 1.95% little astatine Rs 55.81 connected BSE. Market headdress of nan multibagger banal slipped to Rs 76,172 crore successful nan existent session. The greenish power banal saw a turnover of Rs 20.92 crore arsenic 37.06 lakh shares changed hands connected BSE today. 

Suzlon Energy shares person a beta of 1.3, indicating very precocious volatility successful a year. 

Suzlon Energy banal is trading little than nan 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 time and 200 time moving averages.

The multibagger banal deed a 52-week precocious of Rs 86.04 connected September 12, 2024. The patient reported a 91% emergence successful Q3 nett profit and clocked a 96% emergence successful nett profit successful Q3 of nan existent fiscal.  

The multibagger banal has gained 37.20% successful nan past 1 twelvemonth and risen 546% successful 2 years. The banal climbed 519% successful 3 years. 

Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities says nan banal has been rangebound successful nan short word and has a bearish outlook connected nan multibagger.

"Suzlon is stuck successful a tight range, many times knocking connected nan Rs 60–Rs 61 guidance area but failing to break done a level that has acted arsenic a ceiling for astir 4 months. Despite occasional bursts of momentum, nan banal is showing signs of fatigue, pinch nan regular RSI flashing mild antagonistic divergence and suggesting bulls are moving retired of steam.

The inclination has tilted bearish, pinch nan banal slipping beneath its 200-day EMA a cardinal semipermanent indicator. Currently trading adjacent nan important Rs 56 mark, Suzlon is astatine a method crossroads. This area is simply a confluence of support, and immoderate breach beneath it could unfastened nan floodgates for further trading pressure.A breakdown beneath Rs 54 could trigger crisp downside moves, dragging nan banal toward Rs 48–Rs 45 successful a flash. Until then, traders whitethorn do good to enactment cautious and watch from nan sidelines. A convincing breakout supra Rs 61, however, would flip nan book and spark caller bullish momentum," said Dhameja.

Published on: May 6, 2025 11:46 AM IST