Today's Opening - 8.75
Today's High - 8.95
Today's Low - 8.2
Today's Closing - 8.4
Today's High - 8.95
Today's Low - 8.2
Today's Closing - 8.4
I am writing on this stock for the first time ever.
Negative closing today for the fourth day in a row with lower volumes. The 12, 26-day Moving Average Convergence Divergence has remained negative for the past four months and it's showing no signs of recovering soon.
Negative closing today for the fourth day in a row with lower volumes. The 12, 26-day Moving Average Convergence Divergence has remained negative for the past four months and it's showing no signs of recovering soon.
The 2-day Relative Strength Index has remained below 50% since 19th April. The 20-day Commodity Channel Index has remained negative since 20th April.
The 14-day Negative Directional Index has been stronger than the Positive Directional Index since 20th April and the gap is tending to get larger.
After briefly rising above the 5-day Exponential Moving Average, the stock has again gone below the 5-day EMA over the last two days..
After briefly rising above the 5-day Exponential Moving Average, the stock has again gone below the 5-day EMA over the last two days..
Suzlon is currently taking support at it's long-term support level of 8.2 and in case 8.2 gets broken, the stock can come down sharply to upto 5.7. The stock has already lost almost 10% over the past two weeks and with Rs 469 cr net loss reported on 31st May for the March quarter, the next few weeks could be very bad for this stock. There might be a temporary pull back from the current levels, which should be used for profit-booking. Keep accumulating the stock on every dip with a long-term view.
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