Suzlon may trade in range of 69-70:Thacker
Published on Friday, November 13th, 2009 at 11:04 PMAuthor: stockalert (2027 Articles)
Technical Analyst, Mitesh Thacker of miteshthacker.com is of the view that Suzlon Energy may trade in the broad range of 69-70 on the higher side and 63-62 on the lower.
“Suzlon Energy a stock which bounced back after being extremely oversold. Though we were expecting that the bounce back could take the stocks to levels of around Rs 73-75 that didn’t happen and the stock still remains in the broad range of 69-70 on the higher side and 63-62 on the lower, the stock has probably completed one good leg of decline and would be sideways for quite some time to come.”
Source : MoneyControl
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