SUZLON ENERGY; STOCK TRACKER

CMP 27.45          BSE 17257

• In an earlier Post dtd 1/3/2012 on the Scrip, we had delineated the long term base as 24-26 zone.
• It is heartening to note that the said support zone has held out thus far. In fact, the last time the Scrip closed below 24 was on 19/1/2012.
• More importantly, 27 closing basis has held out this entire month despite the volatility; the closest encounter being on 7/3/2012 when the Scrip closed at 27.15 after touching an intraday low of 26.45.
• The medium to long term Charts look good. The Stock is on course for a 6 month target of 37.

SEE ALL EARLIER POSTS ON SUZLON RIGHT HERE