SUZLON - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | SUZLON | Market Cap | 62,803 Cr. | Current Price | 46.2 ₹ | High / Low | 74.3 ₹ |
| Stock P/E | 20.8 | Book Value | 5.37 ₹ | Dividend Yield | 0.00 % | ROCE | 36.2 % |
| ROE | 45.6 % | Face Value | 2.00 ₹ | DMA 50 | 51.0 ₹ | DMA 200 | 55.9 ₹ |
| Chg in FII Hold | 1.03 % | Chg in DII Hold | -0.91 % | PAT Qtr | 1,328 Cr. | PAT Prev Qtr | 346 Cr. |
| RSI | 36.0 | MACD | -1.58 | Volume | 8,03,71,488 | Avg Vol 1Wk | 7,09,33,583 |
| Low price | 44.8 ₹ | High price | 74.3 ₹ | PEG Ratio | 0.32 | Debt to equity | 0.01 |
| 52w Index | 4.51 % | Qtr Profit Var | 644 % | EPS | 2.22 ₹ | Industry PE | 35.4 |
📈 Chart Patterns & Trend: SUZLON is trading at 46.2 ₹, below both the 50 DMA (51.0 ₹) and 200 DMA (55.9 ₹), indicating short-term weakness. RSI at 36.0 suggests the stock is approaching oversold territory. MACD at -1.58 shows bearish crossover, signaling downward bias. Bollinger Bands place price near the lower band, hinting at possible support but overall bearish undertone.
📊 Volume Trends: Current volume (8.03 Cr) is higher than the 1-week average (7.09 Cr), showing strong participation despite price weakness. This suggests active trading interest, possibly accumulation at lower levels.
🎯 Momentum Signals:
- Price below both 50 DMA and 200 DMA confirms bearish bias.
- RSI near oversold zone may trigger a technical bounce.
- MACD negative, reinforcing weak momentum.
💡 Entry Zone: 44–46 ₹ (near recent support).
🚪 Exit Zone: 50–52 ₹ (near 50 DMA resistance).
🔎 Overall Trend: The stock is reversing from highs and currently in a bearish phase. Sustained recovery requires crossing 51–55 ₹ with volume support.
Positive
- Strong ROCE of 36.2% and ROE of 45.6% indicate excellent efficiency.
- FII holdings increased (+1.03%), showing foreign investor confidence.
- Low debt-to-equity ratio (0.01) reflects strong financial stability.
- Quarterly profit variation surged (+644%), highlighting strong earnings momentum.
Limitation
- Stock trading below both 50 DMA and 200 DMA, confirming weakness.
- Dividend yield at 0.00% offers no income support for investors.
- DII holdings decreased (-0.91%), showing reduced domestic institutional support.
- 52-week index at 4.51% indicates poor performance relative to highs.
Company Negative News
- Stock price has corrected sharply from 74.3 ₹ to 46.2 ₹.
- DII participation declined, reflecting weaker domestic confidence.
Company Positive News
- Quarterly PAT jumped from 346 Cr. to 1,328 Cr., showing strong earnings growth.
- FII support increased, signaling global confidence.
- Strong fundamentals with high ROCE and ROE.
Industry
- Industry PE at 35.4 is higher than SUZLON’s PE of 20.8, suggesting undervaluation relative to peers.
- Renewable energy sector supported by government initiatives and global demand.
- Sector consolidation favors established players like SUZLON.
Conclusion
SUZLON is in a bearish phase, trading below key moving averages with weak momentum signals. Entry near 44–46 ₹ offers limited risk, while resistance lies at 50–52 ₹. The stock needs stronger volume and a break above 55 ₹ to confirm reversal. Long-term fundamentals remain strong, but short-term traders should be cautious until momentum improves.
I can also prepare a comparative snapshot of SUZLON vs SUPREMEIND to highlight which one offers better near-term trading opportunities.