**Suzlon Share Price NSE Live 18 February 2024**
📈 *Suzlon Share Price on NSE*: Suzlon’s share closed in the red at ₹46.60 per share on Friday’s trading session, marking a 0.51% decrease with a closing price of ₹46.76 on the Bombay Stock Exchange.
💼 *Trading Volume*: The company traded 31.91 lakh shares on the NSE, with a total turnover of ₹14.92 crores. There was a change in more than 2.3 crore shares during the day’s trading session.
💰 *Market Cap*: According to the BSE website, Suzlon’s market cap stands at ₹63,572.88 crores, with a PE ratio of -1586.40x.
📊 *Analyst’s Perspective*: Equity research analyst Mandar Bhojane mentioned that Suzlon’s current share price of ₹46.60 reflects a 16% decline from its all-time high of ₹50.6. The stock has shown strong support at ₹42, with immediate support levels identified at ₹44 and ₹42.
📈 *Trader’s Advice*: Bhojane recommends buying on dips at support levels, as the overall trend remains bullish with consistent patterns of higher highs and higher lows supported by strong trading volume. He suggests that if the price closes above ₹50 in the short term, a new all-time high target of ₹60 is likely.
📉 *Technical Analysis*: The Relative Strength Index (RSI) currently stands at 56.53, indicating that the stock is still in an uptrend. The 50-day Exponential Moving Average (EMA) at ₹42.5 acts as a crucial support level, while immediate resistance levels are identified at ₹50 and ₹50.5.
🔍 *Investor’s Strategy*: Investors are advised to hold their long positions and apply a trailing stop-loss at ₹42 to capture potential retracements. Considering potential retracements in the stock price, it is recommended to consider buying on dips, especially around ₹44 and ₹43.
**Suzlon Share Price History**
📈 *Multi-Bagger Returns*: Suzlon’s share price has provided a whopping 130.91% return in the last 180 days, making investors significantly wealthier. Over the past 365 days, the stock has surged by 425.39%, showcasing strong growth. In the last three years, investors have witnessed an impressive 811.50% increase in their wealth.
Stay tuned for more updates on Suzlon’s stock performance and market trends! 💼📊📈🔍
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
