Suzlon Energy is currently demonstrating a strong momentum, as it is trading around its 52-week high. A consolidation breakout on the daily timeframe suggests a continuation of upward trend.
Technically, the stock s day RSI (14) is at 51.5. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. The day MACD (12, 26, 9) is at 37.2, which is above its Center Line, but below the signal line.
CLSA said global space economy is primarily driven by a record number of satellite launches, technology innovations, demand for lower costs and growing communication needs
BHEL has started consolidating and is showing signs of accumulation. A move beyond Rs 115 is likely to trigger further bullish momentum towards its swing highs of Rs 130.