Multibagger Stock: The shares of Suzlon Energy have been rallying since the beginning of the new financial year 2022-23. In 5 trade sessions in FY23, this multibagger stock has surged 9.70 to 12.15 per share, registering a rise of over 24 per cent this week. According to stock market experts, this Multibagger Energy stock is on the verge of giving a double bottom breakout from above. 13.10 Each level.
to speak on Shares of Suzlon Energy, Sumeet Bagdia, Executive Director, Choice Broking said, Multibagger Energy Stock has strong support 9 and it looks positive on the chart pattern. It is on the verge of giving a double bottom breakout above 13.10 per share level. Once a breakout is given based on the closing, it may go up 15 in the near term. If energy reserves remain up 15, it can go up 20 in the medium term.”
Sumeet Bagdia of Choice Broking Also said that in July 2021, this Multibagger Energy stock gave a breakout after remaining above 9.45 per share level, formation of an ‘Upper Bollinger Band’ which indicates a trend reversal in the stock. He added that since then the stock is in an ‘uptrend’ and any downtrend should be seen as a buying opportunity in the stock.
Suzlon Energy Share Price History
Suzlon Energy shares to be one of the multibagger stocks in 2021 as it bounces off from 5 from 5.00 At the level of 12.15, a growth of about 145 per cent was registered during this period. In the last one month, Multibagger Penny stock has gained close to 25 per cent while in the last 6 months it has given around 65 per cent return to its shareholders. In YTD timing, it has given around 13.5 per cent return to its shareholders.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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