Despite the short -term pressure, analysts say that the broader technical structure remains intact, with some excellent upward goals as high as RS 86.50.
“The current price promotion reflects consolidation within a Bullish setup in the medium term, related to a dish or completed soil formation, supported near RS 61-62,” said Drumil Vithlani, technical research analyst at Bonanza.
“This phase generally seems healthy, not a breakdown, but a basic building period for a potential leg.” He added that RS 68-70 serves as an important obstacle and that this zone is closed can open goals to RS 74-80.
Amruta Shinde, technical and derivatives analyst at Choice Broking, also sees strength in the graph. “The current price promotion seems to be a healthy consolidation instead of a bearish setup for the long term,” Shind noted, in which a potential cup and handle formation on the weekly graph is emphasized. She said that a decisive outbreak above RS 68.30 could push the stock to RS 73.50, possibly extending to RS 86.50 in the medium term.
Shinde added that support levels are RS 62.09 and RS 59.80 in the short term, the last one that fits in closely with the EMA of 50 weeks. “Unless the price under RS 59.80 breaks with a strong volume, the structure remains constructive for long -term investors.”
Most important levels in focus as stock consolidates
Harshal Dasani, business head at Invasset PMS, noted that although Suzlon recently lost some land, it still has its long -term trend. “After winning more than 17.5% in the past three months, Suzlon Energy has recently lost steam, in the past 30 days about 8% glued and has been flattened to date. But despite the delay, the wider technical structure does not indicate a demolition,” he said. Simple advancing averages, indicating that the trend remains intact in the long term, even because progressive averages have become negative in the short term (5d to 50d). “Support lies on RS 60.5 – RS 58.3, with RS 53 as a strong base as a deeper withdrawal, RS 66.5 – RS 67.5 is an immediate obstacle, and every movement beyond RS 68.5 can reopen the path to the recent Swing High of RS 71.8 – RS 72.5.”
Vithlani also marked RS 60 as critical. “A daily closure under RS 60 can invalidate the structural bias and the momentum to Bearish Territory,” he said.
Momentum indicators and volumes reflect fatigue
Technically, the relative strength index (RSI) is 48.4, which indicates neutral momentum, while the MACD remains at -0.2 under both the middle and the signal lines.
“Volume patterns recently weakened racing wind, in accordance with wider fatigue after a huge multi -year rally,” said Vithlani.
Dasani added: “Suzlon has exchanged under-average volumes, with delivery volumes well below the 20-day average in the most recent sessions.” However, he noticed: “There have been no peaks in red candle volumes that usually mark the distribution.” According to him, the RS 53-RS 55 zone, which saw more than 100 million shares that were traded during the March-April outbreak, remains as a long-term support basis. “Unless there is a volume -guided infringement under RS 58, the tone remains neutral to carefully positive.”
Shindy noticed a similar trend. “The volume during this consolidation phase is relatively modest, which is typical in a sideways market. However, every peak in volume near support zones can indicate accumulation and a possible reversal. Likewise, an outbreak above RS 68.30 with a strong volume confirmation with a strong volume enhancement would reinforcement.
Profit and order victories offer support
The income from Suzlon Q4FY25 offered fundamental support for the technical setup. The company reported a net profit of RS 1,182 Crore, an increase of 377% on an annual basis, while sales rose by 73% to RS 2,207 Crore. The margins extended to 20.9%, supported by a stronger version and reduced debts. The net debt is now on RS 1,438 Crore.
“Even with these positives, the share acts on a p/e of 36-38x, which made little room for errors,” Dasani warned. “The current order book of 5.5 GW, including new platform orders, offers visibility, but the market has priced in a large part of the reversal.” He added that although the return ratios have been improved (ROCE ~ 22%), “sustainability of these performance in a rising interest rate environment and implementation heavy.”
Suzlon continues to add to his ordering book. In August it assured a 381 MW Wind Project from Zelestra about Maharashtra, Karnataka and Rajasthan – one of the greatest this year. This followed an order of 170.1 MW at Ampin Energy in June.
“The updated wind energy standards of India, which mandatory local sourcing and data location, can go to the domestic footprint of Suzlon over time,” Dasani said. “That said, investors must check whether these project profits translate into timely implementation and margin stability, especially in view of the volatility in global component costs and logistics.”
For the time being, the shares act within a band of RS 58 – RS 72. Unless both parties are violated, analysts expect it to continue to consolidate, with a tilt to the top.
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(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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