- Suzlon share price coils under ₹57. Will NSE:SUZLON explode past resistance this week or break down? Traders eye ₹61 breakout and ₹53 support.
Suzlon (NSE: SUZLON) opened the week on a cautious note, trading just below key resistance around ₹57. After a solid April recovery, the stock is now stuck in a sideways coil, and bulls are growing restless.
Market Mood: Quiet but Tense
There’s no breaking news this morning, but that’s part of the story. Traders are watching closely for signs of life, especially after Suzlon’s impressive bounce from ₹46 in early March.
The broader market tone isn’t helping much, either. The Nifty Midcap is flat. Volumes are decent, but conviction is still missing.
Suzlon Technical Analysis: Key Levels to Watch This Week
- Immediate resistance: ₹57 — price struggling to close above this zone
- Next breakout level: ₹61 — major horizontal level since early Feb
- Support holding: ₹53.89 — minor dip last week was bought up quickly
- Deeper floor: ₹49 — psychological and structural support
- RSI: 51.29 — neutral, no overbought or oversold edge
- MACD: Flat — momentum is fading, but no bearish crossover yet
For now, Suzlon’s chart is compressed, but that can’t last forever. Once triggered, breakouts from this kind of setup tend to move fast.
Suzlon Stock Outlook: Will Momentum Return?
Suzlon Energy is still one of the more liquid mid-cap plays tied to India’s green energy push. But the stock needs a spark. If ₹57 is cleared on volume, ₹61 could come fast, and above that, the door opens toward ₹65.
But failure to move soon could trigger profit-taking back to ₹53, or worse, a retest of ₹49 support.
Right now, this stock is in limbo, and the next few sessions will likely set the tone for the rest of May.