- summary:
- The price of Swosal’s share decreased to $ 53.35 – is it a chance to buy or more of the negative side? Coverd main support and resistance levels here.
the Suzlon Energy (NSE: Suzlon) The share price has been in full swing in recent times. After reaching 86 dollars in 2024, the arrow slids steadily, threatening more than 35 % of its value. Today, Suzlon is trading about $ 53.35, struggling to find his feet while investors discuss whether this is just a temporary decline or the beginning of something more dangerous.
What is behind the last Siglon SIM?
The last Swalish Slide can be attributed to several factors. After its impressive gathering in 2024, the profit was achieved by the first stock investors. Mastering courses for the sector in renewable energy, driven by converting market morale and caution towards growth shares, have played a role. In addition, the high production costs and uncertainty in politics added to the clean energy space.
Technical Analysis: The main levels of viewing
From a technical perspective, the Suzzon Plan is displayed at a critical turn.
- Immediate Support: $ 49.11 – Less break from this level can speed up the decrease of about $ 43.91.
- The main resistance: $ 53.89 – bulls need to scan this level until the stock is re -tested of $ 61 and restores rising momentum.
- MACD: The indicator hovers around neutral lands, with a slight bias. If we weakened the momentum more, it may indicate more from the downside.
Long -term outlook: Is this just a correction?
Although Suzlon has recently faced some difficulties, the future view remains optimistic. The national energy mission in India, along with the increasing demand for wind energy, may provide the company for the necessary support to expand in the coming years.
However, it’s not all smooth. Competition problems and intense supply chain may maintain stock pressure for a little longer. Traders should remain sharp and monitor the main events – such as profit reports and policy changes – to obtain a clearer image of the SUZLON then.
