Suzlon's turn-around potential has already rewarded multibagger returns to its hopeful investors.
The aggressive reduction in borrowings, increasing profit margins and increasing revenue post covid are the signs that Suzlon is on the right track.
Technically, the price has formed an abc pattern that touched the FIB golden zone (18.45) today.
The target is somewhere between 18.40 - 19.95
I believe this is the best time to lock in profits.
Further accumulation can happen around 10-12 zone.
As always, do your own due diligence before taking any action.
Peace!!
The aggressive reduction in borrowings, increasing profit margins and increasing revenue post covid are the signs that Suzlon is on the right track.
Technically, the price has formed an abc pattern that touched the FIB golden zone (18.45) today.
The target is somewhere between 18.40 - 19.95
I believe this is the best time to lock in profits.
Further accumulation can happen around 10-12 zone.
As always, do your own due diligence before taking any action.
Peace!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.