Suzlon Energy Charts Recovery: SEBI RA Deepak Pal Flags ₹74–₹75 Target On Clean Energy Tailwinds

Suzlon Energy has been gaining attention for its improving fundamentals and constructive chart pattern.

SEBI-registered research analyst Deepak Pal shared his view, highlighting both the company’s recent financial turnaround and its near-term technical setup.

Pal said Suzlon has made a strong recovery, with revenue topping ₹6,000 crore in FY24 and the company turning profitable again. 

Pal attributed the turnaround to Suzlon’s efforts to reduce debt and the growing demand for clean energy, backed by government support. However, he cautioned that changing policies, supply chain hurdles, and fluctuations in raw material costs could still weigh on the business.

On the charts, Pal noted the stock is currently hovering near ₹65, after pulling back from a recent high of ₹74.35. 

The stock is holding above its 14-day and 55-day exponential moving averages (EMAs), and continues to sustain above the 200-day EMA — a sign of structural strength, according to Pal. 

He added that the parabolic stop and reverse dots have shifted below the price, indicating a short-term bullish bias, while the moving average convergence divergence (MACD) remains mildly positive and the relative strength index (RSI) stands at 52.47.

The analyst said the stock is consolidating in the ₹63–₹64 range, with a support zone at ₹62.50–₹63. 

A breakout above ₹67.50–₹68 could open up levels towards ₹74–₹75. 

He added that the 14-day EMA can act as a strong short-term support and suggested a stop loss of ₹60 for long-term positions.

On Stocktwits, retail sentiment was ‘neutral’ amid ‘low’ message volume.

The stock has risen 1.1% so far in 2025.

For updates and corrections, email newsroom[at]stocktwits[dot]com.