2 days ago
Suzlon, BHEL and Waaree: Key Trading Levels and Targets
The article looks at three companies and their share-price charts.
Waaree Energies is viewed positively by the analysts.
They suggest buying it if the price rises above about Rs 2,680–2,715.
They expect it could reach Rs 2,860–2,930, but identify Rs 2,560 as a stop-loss level.
Suzlon Energy has fallen 24% and is showing support near Rs 39.
Analysts want to see it rise above Rs 49 before expecting a move toward Rs 55–60.
BHEL is moving sideways, so investors are advised to hold and wait for a clear breakout or breakdown.
Waaree Energies is rated a buy above Rs 2,680–2,715, with a target of Rs 2,860–2,930 and stop loss at Rs 2,560.
Waaree Energies has support at Rs 2,560–2,530 and is expected to trade with a sideways-to-positive bias.
Suzlon Energy has support at Rs 39 and resistance at Rs 49–55 after a 24% correction.
A breakout above Rs 49 could take Suzlon Energy toward Rs 55–60, although the recommendation is to wait for a trend reversal.
BHEL is rated hold while it consolidates between support at Rs 395 and resistance near Rs 445.
- Who
- Waaree Energies, Suzlon Energy and Bharat Heavy Electronics (BHEL).
- What
- Technical trading levels, price targets, support and resistance levels, and recommendations for the three stocks.
- Where
- The article concerns the companies' stock-market trading, but no specific market location is stated.
- When
- The article discusses short- to medium-term and near-term expectations; no publication date is provided.
- Why
- The recommendations are based on chart patterns, support and resistance levels, and momentum indicators.
Key facts
- Waaree Energies view
- Buy above Rs 2,680–2,715
- Waaree Energies target
- Rs 2,860–2,930
- Waaree Energies stop loss
- Rs 2,560
- Suzlon Energy levels
- Support at Rs 39; resistance at Rs 49–55
- Suzlon Energy potential
- A breakout above Rs 49 could lead toward Rs 55–60
- BHEL view
- Hold while the stock consolidates
- BHEL trading range
- Rs 395 support to Rs 446 resistance
Sources
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