The price of Swosal’s share stems from $ 61 with Bulls intervention and heating of energy shares
Suzlon Energy just crossed the $ 61 sign, attracting attention again. The stock opened strong on Monday, and based on two weeks of fixed gains. It is not just a quiet batch either. Suzlon quickly came from the $ 53 region, and the way it is moving now, traders wondering if $ 64 may be the next radar.
After April, this is the cleanest of the outbreak that Suzalon witnessed a while ago. Buyers, captured sizes have returned, and the graph shows strength. What is more, it happens properly as the strengths and renewal sectors in India return to focus, not a coincidence.
So, what drives Suzlon to the top?
It is not one thing; It is a mixture. The momentum came after a roof of $ 61. This level of prices was crowned twice before, but this time, erupted. The gathering started earlier this month when Suzlon wore $ 53, and has not been seen much since then.
Some of the things that merchants refer to:
• Hot power shares, especially clean energy names
• It was 61 dollars – now after its purification, the bulls have returned to control
• RSI in the peak area of purchase (above 71), but there are no sale signals yet
• MACD is still optimistic, although it started to settle a little
• There are no real signs to achieve profits yet, which say confidence keeps them
What are you looking for this week?
• Support: $ 61 – needs to keep if this penetration will stick
• Next test: $ 64 – last time suzlon hit that area, it stumbled again
• If $ 64: The blue sky up to $ 68
• Risks of collapse: $ 53.89 – this is the last strong support below
See too
The momentum looks strong at the present time, but the arrows are extended. The RSI heading above 70 means that it was the hot term in the short term will not be a surprise. However, the price work does not show weakness yet.
conclusion
Suclon has had the steel so far. The hack was above 61 dollars clean, and the bulls were still driving. Unless we see a sharp reflection, this step has legs. Watch $ 64, it’s the level that can cause stopping or opening the door for more bullish direction. Either way, Suzlon returned in the movement, and the tape tells an upward story.
