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Suzlon Energy Near Breakout: Upcoming Targets for July 2024:- Suzlon Energy Ltd (NSE: SUZLON) share price is today's stock where you can consider after Breakout. We have seen a very good growth in this stock for past 1 year, which is more than 200 percentage. This can be upcoming Multibagger stock. But today we looking in to the Fresh Breakout levels and buy levels for upcoming days. Current Market price of  Suzlon Energy share is 52.75 levels. Suzlon Energy Stock price moved more than 2 percentage on last trading section. This indicates the bullishness of the stock. This stock can be considered for short-term and long term. Now we will look in detail, latest Chart analysis as shown below.

Latest Chart Analysis for Suzlon Energy Share for 2024

Latest Chart Analysis for Suzlon Energy

Here we are using Trading view platform to mark the breakout levels in chart and we used Daily Time frame for the analysis. When we look in to the chart we can see a ascending Triangle patter and also a cup and handle pattern. You can see a fresh breakout in this stock above 56 price levels and it can give a short term targets of 57.30, 60, 65 in upcoming weeks. If you are considering this stock for long term then you can expect 20% and more in Future possible. Stoploss can be considered below 51 price level. Its always better to keep a Stoploss in this stock to avoid a big fall.

Major Support levels for this stock is at 52. So, if you are getting at this you can add this stock with a Stoploss of 48. This can be much more safer entry with reduced risk. And also always keep on watching the Latest news about this stock take Decision or make some adjustments on your positions.

If you already holding this stock, then you can still continue to hold this, because there can be much more growth potential.

Suzlon Energy Ltd (NSE: SUZLON) is on the verge of a breakout, presenting a strong opportunity for both short-term and long-term investors. Recent chart analysis  highlights key patterns such as an ascending triangle and a cup and handle, suggesting a breakout above the ₹56 price level. Short-term targets are set at ₹57.30, ₹60, and ₹65, with a safer entry point at the support level of ₹52, accompanied by a stop loss at ₹48 to mitigate risk. 

You May also Like to Read our Previous Post about " Eicher Motors Share price Near Breakout, Major levels Marked for July 2024"

Suzlon Energy Ltd Upcoming Q1 Earnings on Focus

Suzlon said it expects to give its figures for the period to end June 2005 on July 22. On that date, the company’s Board of Directors shall be meeting to consider and certify the financial outputs. Subsequently, JP Morgan is due to hold a conference call with analysts and investors on the 24th of July. The SG&A expenses could reduce down to around £200mln in future and JM Financial estimated that the group’s revenue will reach at ₹1,832. 1 crore for this quarter and even a net profit of ₹162 crore for the said period.

Conclusion

Thus, it can be stated that Suzlon Energy Ltd has great prospect as both short-term and long-term investment as has been confirmed by recent chart formation which shows a breakout over ₹56 of which targets of ₹57 in the short run may be feasible. 30, ₹60, and ₹65. As for a safer entry, the stock can be bought at the support level is $52 with a stop loss $48. Suzlon is still a good stock to hold and watch out for more in the future especially when they release their earnings report on the 22 nd of July and predicted revenues and profits.