Live: Stock Market: Reliance Exits Trademark Row, Suzlon Nears Breakout, Bajaj Housing Finance in Focus

Suzlon Share Price Builds a Base as Bulls Eye ₹61

Current Price Action:
Suzlon is trading at ₹57.16 after rebounding from support near ₹53.89. The stock continues to consolidate in a tight range, signalling a potential breakout setup if bulls regain control.

Support Levels:

• ₹53.89: Immediate support – price has bounced from this zone multiple times since February
• ₹49.11: Key demand zone – last major bottom before March reversal
• ₹46.19: Deeper support – breach here would weaken the broader bullish structure

Resistance Levels:

• ₹61.00: Immediate resistance multiple rejections seen here since March
• ₹65.71: Breakout level from October 2024 previously acted as a supply zone
• ₹73.02: Higher target if bullish momentum returns

Bajaj Housing Finance holds above ₹120 as traders eye a breakout. Can bulls reclaim ₹125 and flip the trend amid NBFC sector volatility?

The daily chart shows that the Royal Mail share price has been in a strong bearish trend in the past few months. This decline saw it crash to the year-to-date low of 174.15p, which was the lowest level since 2020. The stock has dropped below all moving averages while oscillators like the Relative Strength Index (RSI) and the Stochastic have formed a bullish divergence pattern.

The outlook for the IDS share price is bearish, with the next key support level to watch being at 150p, which is about 25% below the current level. The bearish view will be invalidated if the stock moves above the resistance at 245p.

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