Suzlon Energy share price declined 4.33 percent on Friday. As overall market sentiment was weak last week, we have witnessed strong selling in many stocks. Suzlon Energy has remained under selling pressure since the stock touched multiple-year high at Rs 86.04. Suzlon stock has declined 10.2 percent over last one month. TopNews team has reviewed technical levels for Suzlon Energy.

In the dynamic landscape of renewable energy, Suzlon Energy Limited stands as a prominent player on the Indian stock exchange. This article delves into Suzlon's recent market performance, technical analysis, and its position relative to industry competitors, providing a comprehensive overview for investors and stakeholders.

Market Performance Overview

As of February 14, 2025, Suzlon Energy's stock is trading at ₹51.14. The company's market capitalization is approximately ₹69,820 crore, with a Price-to-Earnings (P/E) ratio of 60.95. Over the past 52 weeks, the stock has fluctuated between a high of ₹86.04 and a low of ₹35.50.

Analyst Insights

Recent analyst evaluations present a positive outlook for Suzlon Energy:

The average target price for the stock is ₹72.14, suggesting a potential upside of approximately 41.07% from the current price.
The highest target price among recent recommendations is ₹82.00, while the lowest stands at ₹60.00.
The 12-month price target indicates an estimated gain of around 12.44%, with projections ranging between ₹67.00 and ₹82.00.

Technical Analysis

A thorough technical examination of Suzlon Energy's stock reveals the following:

Candlestick Patterns

Current Trend: The stock is exhibiting a falling trend channel in the medium to long term, indicating that investors have been selling at lower prices over time.
Support and Resistance Levels: The stock is testing support at ₹50.00. A breach below this level could signal further declines, while a rebound may suggest a potential reversal.
Fibonacci Retracement Levels

Applying Fibonacci retracement to the stock's recent high of ₹86.04 and low of ₹35.50 yields key levels:

23.6% Retracement: Approximately ₹50.45
38.2% Retracement: Approximately ₹61.27
50% Retracement: Approximately ₹70.77
61.8% Retracement: Approximately ₹80.27
These levels can serve as potential support and resistance points, guiding investors in decision-making.

Support and Resistance Levels

Immediate Support: ₹50.23
Immediate Resistance: ₹60.88
A decisive move above ₹60.88 could pave the way for further gains, while a drop below ₹50.23 might indicate additional downside risk.

Comparative Analysis

In the renewable energy sector, Suzlon Energy faces competition from notable peers:

Vestas Wind Systems A/S: A global leader in wind energy solutions, Vestas has a target price suggesting a potential upside of 48.94%.
Inox Wind Limited: Another key player in the Indian market, Inox Wind shows a projected increase of 40.76%.
These comparisons highlight Suzlon's competitive positioning within the industry.