Suzlon Set to Rise After Strong Earnings: What's Next...?
**Q3 Results Live: Suzlon Energy Reports 91% Increase in Net Profit to ₹387 Crore**
- Net profit has risen by 91% year-over-year, reaching ₹387 crore.
- Revenue has also increased by 91% year-over-year, totaling ₹2,969 crore.
- EBITDA has more than doubled, now standing at ₹500 crore.
- EBITDA margin is recorded at 16.8%.
At present, Suzlon is positioned at a crucial support level of 50 on the weekly timeframe, indicating possible price stabilization. This level has historically served as a strong point of interest for buyers. Observing the trendline, it's essential to monitor for a potential breakout from the current downtrend. If the price decisively surpasses this bearish trend, it may signal an opportune moment to initiate a long position or consider buying, reflecting a shift in market sentiment towards a bullish outlook. It’s advisable to look for additional confirmation through volume analysis or other technical indicators to strengthen the decision-making process.
- Net profit has risen by 91% year-over-year, reaching ₹387 crore.
- Revenue has also increased by 91% year-over-year, totaling ₹2,969 crore.
- EBITDA has more than doubled, now standing at ₹500 crore.
- EBITDA margin is recorded at 16.8%.
At present, Suzlon is positioned at a crucial support level of 50 on the weekly timeframe, indicating possible price stabilization. This level has historically served as a strong point of interest for buyers. Observing the trendline, it's essential to monitor for a potential breakout from the current downtrend. If the price decisively surpasses this bearish trend, it may signal an opportune moment to initiate a long position or consider buying, reflecting a shift in market sentiment towards a bullish outlook. It’s advisable to look for additional confirmation through volume analysis or other technical indicators to strengthen the decision-making process.
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.