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Suzlon Energy shares gain for seventh straight session; how strong is the uptrend?

Suzlon Energy shares crash 8% from fresh 52-week high; buy, sell or hold?

Shares of renewable energy firm Suzlon Energy Ltd scaled a fresh 52-week high for the fourth consecutive session today. Suzlon Energy stock gained 4.3% to Rs 27, a fresh yearly high on BSE. With today’s rally, Suzlon Energy shares have climbed over 20% in the last four sessions. The stock closed at Rs 22.38 on August 25. Since then, it has gained Rs 4.6 or 20.55% this week. Later, the stock slipped 8.51% from 52-week high to Rs 24.70 on BSE. At 9:28 am, the Suzlon Energy stock was trading 4.17% lower at Rs 24.81.

Suzlon Energy shares rose 292% from 52-week low but stuck in overbought zone; what s next?

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