Tuesday, May 20, 2008

Suzlon Energy: A Stock Ready to Soar

Suzlon Energy after opening at Rs. 305 went as high as 320.85 on NSE. The days trading range was 300-320. It closed at 318.45 which is an intraday gain of Rs. 10.50 (3.41%)

This stock has been consolidating since February and now since last week its showing some momentum with good volumes. Suzlon Energy, after a 1:5 split has touched a low of 186. Technical analysts are seeing a reverse Head & Shoulder formation, which could result in a level of around Rs. 450 in coming couple of months.

This is a great news for me since I'm invested in Suzlon Energy, right from before the split and yeah, even through the bad fall in the start of 2008. So I'm reloading the positions on this one and waiting to get some rewards out of it!
What about you? Do reply with your view

- Happy trading

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