Suzlon share price Today Live Updates : Suzlon Stocks Plummet as Trade Turns Bearish

The stock price has been moving between 41.42 and 40.54 levels in the last hour. Traders may want to consider rangebound trading strategies, such as buying near the hourly support at 40.54 and selling near the hourly resistance at 41.42.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

The current market price of Suzlon has broken the first support of ₹41.0 (derived from classic pivot table) on a daily time frame indicating a bearish move but traders need to monitor for possible reversals from ₹40.5. If the stock price breaks the second support of ₹40.5 then there can be further negative price movement.

Today, Suzlon’s share price dropped by 1.14% to reach ₹40.9, with its peer companies showing mixed results. Bharat Heavy Electricals, Thermax, and Voltas are all experiencing declines, while Aia Engineering, another peer, is seeing a rise in its share price. The benchmark indices, Nifty and Sensex, are both up by 0.2% and 0.27%, respectively.

The analyst recommendation trend is shown below with the current rating as Strong Buy.

The volume of Suzlon traded until 10 AM is 17.77% higher than yesterday, with the price trading at ₹41.05, up by -0.77%. Volume traded is a crucial indicator, along with price, for analyzing trends. A positive price movement with higher volume indicates a sustainable upward trend, while a negative price movement with higher volume may suggest a potential further decline in prices.

Suzlon touched a high of 41.48 & a low of 40.6 in the previous trading hour.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Today, Suzlon’s share price decreased by 1.38% to reach ₹40.8, while its peer companies are experiencing mixed results. Bharat Heavy Electricals, Thermax, and Voltas are declining, while Aia Engineering is showing an upward trend. In general, the benchmark indices Nifty and Sensex are down by 0.14% and up by 0.25% respectively.

Suzlon share price is at ₹41.31 and is still trading between the key support and resistance levels of ₹41.0 and ₹42.15 on a daily timeframe. If it crosses the support of ₹41.0 then we can expect a further bearish movement. On the other hand if the price crosses 42.15 then it will lead to a bullish movement.

The price of Suzlon shares has increased by 1.04% today, trading at ₹41.80. Over the past year, Suzlon shares have seen a significant gain of 380.81%, reaching ₹41.80. In comparison, the Nifty index rose by 24.39% to 22,475.85 during the same one-year period.

The key support and resistance levels for Suzlon on the daily timeframe are given below. Please note these support and resistance levels are derived from the classic pivot table.

The analyst recommendation trend is shown below with the current rating as Strong Buy.

The trading volume yesterday was 27.5% lower than the 20 day average. Yesterday’s NSE volume was 23 mn & BSE volume was 1450 k.

The stock traded in the range of ₹42.3 & ₹41.25 yesterday to end at ₹41.69. Although the stock is showing signs of bottoming out, investors should exercise patience and await confirmation of a bullish short-term trend for a confirmed reversal.