Regardless of short-term stress, analysts say the broader technical construction stays intact, with some projecting upside targets as excessive as Rs 86.50.
“The present value motion displays consolidation inside a bullish medium-term setup, akin to a saucer or rounded backside formation, supported close to Rs 61-62,” stated Drumil Vithlani, Technical Analysis Analyst at Bonanza.
“This section seems wholesome general, not a breakdown, however a base-building interval earlier than a possible leg up.” He added that Rs 68-70 serves as a key hurdle, and sustained closes above this zone might open targets towards Rs 74-80.
Amruta Shinde, Technical & By-product Analyst at Alternative Broking, additionally sees energy within the chart. “The present value motion seems to be a wholesome consolidation quite than a bearish setup for the long run,” Shinde famous, highlighting a possible Cup and Deal with formation on the weekly chart. She stated a decisive breakout above Rs 68.30 might push the inventory towards Rs 73.50, presumably extending to Rs 86.50 within the medium time period.
Shinde added that near-term assist ranges to look at are Rs 62.09 and Rs 59.80, the latter aligning intently with the 50-week EMA. “Except the value breaks under Rs 59.80 with robust quantity, the construction stays constructive for long-term traders.”
Key ranges in focus as inventory consolidates
Harshal Dasani, Enterprise Head at INVasset PMS, noticed that whereas Suzlon has misplaced some floor just lately, it nonetheless holds its long-term development. “After gaining over 17.5% up to now three months, Suzlon Vitality has misplaced steam just lately, sliding about 8% within the final 30 days and flattening out year-to-date. But, regardless of the slowdown, the broader technical construction doesn’t point out a breakdown,” he stated.Dasani identified that the inventory remains to be buying and selling above its 100-day (Rs 61.7), 150-day (Rs 58.3), and 200-day (Rs 53.1) easy shifting averages, indicating that the long-term development stays intact, at the same time as short-term shifting averages (5D to 50D) have turned unfavorable. “Assist lies at Rs 60.5–Rs 58.3, with Rs 53 performing as a powerful base if a deeper pullback unfolds. On the upside, Rs 66.5–Rs 67.5 is an instantaneous hurdle, and any transfer previous Rs 68.5 could reopen the trail towards the latest swing excessive of Rs 71.8–Rs 72.5.”
Vithlani additionally flagged Rs 60 as vital. “A every day shut under Rs 60 might invalidate the constructive bias and steer momentum towards bearish territory,” he stated.
Momentum indicators and volumes replicate fatigue
Technically, the Relative Power Index (RSI) stands at 48.4, indicating impartial momentum, whereas the MACD at -0.2 stays under each the middle and sign strains.
“Quantity patterns recommend weakening tailwinds just lately, aligning with broader fatigue after an enormous multi-year rally,” stated Vithlani.
Dasani added, “Suzlon has been buying and selling on below-average volumes, with supply volumes nicely below the 20-day common in most up-to-date periods.” Nonetheless, he famous, “There have been no spikes in pink candle volumes, which generally mark distribution.” In keeping with him, the Rs 53–Rs 55 zone, which noticed over 100 million shares traded through the March–April breakout, continues to behave as a long-term assist base. “Except there’s a volume-led breach under Rs 58, the tone stays neutral-to-cautiously optimistic.”
Shinde famous an analogous development. “Quantity throughout this consolidation section has been comparatively subdued, which is typical in a sideways market. Nonetheless, any spike in quantity close to assist zones might sign accumulation and a attainable reversal. Likewise, a breakout above Rs 68.30 with robust quantity affirmation would reinforce bullish sentiment and validate continuation of the uptrend.”
Earnings and order wins provide assist
Suzlon’s Q4FY25 earnings supplied elementary backing to its technical setup. The corporate reported a web revenue of Rs 1,182 crore, up 377% year-on-year, whereas income rose 73% to Rs 2,207 crore. Margins expanded to twenty.9%, supported by stronger execution and diminished debt. Internet debt now stands at Rs 1,438 crore.
“Even with these positives, the inventory trades at a P/E of 36–38x, leaving little room for error,” Dasani cautioned. “The present order ebook of 5.5 GW, together with new platform orders, provides visibility, however the market has priced in a lot of the turnaround.” He added that whereas return ratios have improved (ROCE ~22%), “sustainability of this efficiency in a rising rate of interest setting and execution-heavy sector stays to be seen.”
Suzlon continues so as to add to its order ebook. In August, it secured a 381 MW wind mission from Zelestra spanning Maharashtra, Karnataka, and Rajasthan—one of many largest this yr. This adopted a 170.1 MW order from AMPIN Vitality in June.
“India’s up to date wind power norms, mandating native sourcing and knowledge localisation, may benefit Suzlon’s home footprint over time,” Dasani stated. “That stated, traders ought to monitor whether or not these mission wins translate into well timed execution and margin stability, particularly given volatility in world part prices and logistics.”
For now, the inventory trades inside a Rs 58–Rs 72 band. Except both aspect is breached decisively, analysts anticipate it to proceed consolidating, with a tilt towards the upside.
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(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Occasions)
