Suzlon Share Price Today on
On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 69.03 |
10 | 70.46 |
20 | 72.69 |
50 | 76.70 |
100 | 67.40 |
300 | 55.34 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹68.05, ₹69.03, & ₹69.63, whereas it has key support levels at ₹66.47, ₹65.87, & ₹64.89.
Till 4 PM today, the volume traded on NSE & BSE for Suzlon was -70.89% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock's continued downtrend suggests a bearish trend is underway..
From a fundamental analysis perspective, the company has a ROE of 26.31%
The median 1-year forecasted upside in this share is at 14.99% with a target price of ₹77.00.
The company has a 0.00% promoter holding, 2.02% MF holding, & 22.82% FII holding as per filings in the september quarter.
The MF holding has decreased from 2.12% in june to 2.02% in the september quarter.
The FII holding has increased from 20.63% in june to 22.82% in the september quarter.
Suzlon share price down -1.75% today to trade at ₹66.96 while its peers are mixed. Its peers such as Voltas, Thermax are falling today, but its peers Bharat Heavy Electricals, Blue Star are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.56% & -0.69% each respectively.
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