SUZLON - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of Suzlon Energy Ltd. (SUZLON)

📊 Trend Overview

Current Trend: The stock is in a consolidation phase, trading slightly below both its 50 DMA (₹60.3) and 200 DMA (₹60.4). This suggests indecision and a lack of strong directional momentum.

Long-Term Trend: Still intact, but weakening. The price has pulled back ~30% from its 52-week high of ₹85, and is hovering near key moving averages.

📈 Moving Averages

50 DMA: ₹60.3

200 DMA: ₹60.4

Current Price: ₹59.1

Interpretation: Price is marginally below both DMAs, indicating a neutral to slightly bearish bias. A close above ₹61 with volume would signal a short-term reversal.

📉 MACD & RSI

MACD: Slightly negative at -0.70, suggesting fading momentum.

RSI: Neutral at 50.3 — balanced, with no overbought or oversold signal.

Conclusion: Momentum indicators suggest sideways movement. A bullish crossover in MACD and RSI > 55 would confirm strength.

📊 Volume Trends

Current Volume: 3.76 crore

1-Week Avg Volume: 5.76 crore

Interpretation: Volume is below average, indicating low conviction. Watch for volume spikes near ₹61–₹63 to validate breakout attempts.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A breakout toward the upper band (~₹63–₹65) would signal bullish momentum.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 56.0 Minor support zone

Support 2 52.0 Previous swing low

Resistance 1 61.0 50 & 200 DMA convergence

Resistance 2 67.0–70.0 Intermediate swing highs

Resistance 3 85.0 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹56–₹58 (on pullback with confirmation)

Exit Zone: ₹67–₹70 (partial profit booking), ₹85+ (final target if breakout sustains)

🔍 Summary

Trend: Consolidating

Momentum: Weak to neutral

Bias: Cautious accumulation

Short-Term Strategy: Accumulate near ₹56–₹58 only if support holds. Avoid aggressive entries until price breaks above ₹61 with volume and MACD flattens.

Let me know if you'd like a visual chart overlay or swing trade setup based on this!

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