CMP 29.65 BSE 17583
In this Post we shall examine another scrip which, in my opinion, presents us with a good profitable opportunity, both positional as well as long term. The Scrip is SUZLON ENERGY.
In this Post we shall examine another scrip which, in my opinion, presents us with a good profitable opportunity, both positional as well as long term. The Scrip is SUZLON ENERGY.
- In an earlier Post dtd 31/1/2012 (SEE THIS), I had indicated a good support for the scrip at 26 levels. Interestingly, ever since 23/1/2012, the Scrip has not broken 26 closing basis even once other than on the sell off on 27/2/2012 when it closed at 24.5.
- Therefore, I would say that for this scrip there is a durable bottom in place in the 24-26 zone.
- On the upside, we should look for consistent trades above 29 levels to open out the next target 35-36 levels. But this will take time.
- As of now, long term money can look to pick up the scrip in the 26-29 range and hold for at least a year for strong returns.
- Shorter term money could possibly play the broad 25-29 range for useful trading gains.
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