Tuesday 11 November 2008

Below Rs 66, expect further downside in Suzlon: Bose

Technical Analyst, Rajat K Bose is of the view that below Rs 66 one can expect further downside Suzlon Energy.

Bose told CNBC-TV18, "Suzlon Energy has actually come down a bit yesterday when other were moving up because it actually had a very good run until recently. So you have to watch two crucial levels, on the upside, it would be Rs 70-71 and on the downside it would be Rs 66. If it falls below Rs 66 then it corrects more and if it goes again above Rs 71, then you were looking at Rs 74 and Rs 78 on the upside."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: Moneycontrol

Posted by Harsh at 07:32

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.