Monday 10 November 2008

Suzlon Energy may slip to Rs 40-45: Gujral

Technical Analyst, Ashwani Gujral is of the opinion that in Suzlon Energy if Rs 60-63 gets broken then it gets back into Rs 40-45 regions.

Gujral told CNBC-TV18, "It’s very important for Suzlon to holds up Rs 60-63; if it can do that and consolidate here a bit then probably it can go up to Rs 81-90. But in case Rs 60-63 gets broken then it gets back into Rs 40-45 regions. In case the market continues, I think these beaten up stocks would move up a bit more. So it depends on how far the market is able to go."

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 07:42

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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.