Shares of Suzlon Energy Limited have attracted the attention of investors and market experts in recent times. According to technical charts and experts’ advice, Suzlon shares may touch a new high in the near future. Let us know the complete news…
If we look at the performance of Suzlon, it is trading at Rs 65 per share. The stock has risen by about 19 percent in the last 6 months and has risen by 76 percent in a year.
If we look at the technical charts and support-resistance levels of Suzlon, Religare Broking said that Suzlon shares have got strong support between Rs 66-63. Other market experts have also described Rs 66 as a strong support level. The level of Rs 70 is an important resistance for the stock.
How far will it go?
Experts believe that if Suzlon share crosses the level of Rs 69-70, then it can go up to Rs 86. For long term investors this share can reach Rs 86-87 within 6 months. If we talk about Rs 100 per share, then experts are expressing a strong possibility of it reaching Rs 100 in the next one year.
When to buy shares?
Suzlon Energy Limited shares are a great opportunity for investors looking for strong returns in the long term. Both technical and fundamental analysis make it an attractive option. Experts say that purchases can be made at the current price.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.