- Suzlon energy is closer to 2009 lows.
- In 2009 stock reversed from these levels, Before reversal volumes were low. But stock is showing good selling volume right now.
- So we have to see if the stock is able to take support at the previous lows or not.
- Good reversal pattern with price sustaining above 5 day high ema may give good up move. Up move also has to take out 43.70 level which may act as resistance.
- Breaking and closing below 33.05 will extend profits for bears of suzlon.