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.
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