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Sectorally, buying was seen in utilities, power, oil & gas, and the public sector while selling was seen in realty, IT, telecom, and healthcare.
Suzlon stock went up to 5% in a single day and the overall sentiment of the stock is looking bullish. It took support above a trendline and for the past few days, it has been hitting the upper circuit. The stock is experiencing good buying pressure. The stock is heading toward its next target of Rs 37.20 level as Target 1 and Rs 45.20 level as Target 2
Meanwhile, Hariprasad Kizhakkethara, Sebi registered analyst and Director of Livelong Wealth said, The stock has continuously faced strong rejection from the Resistance Trendline since November 2022. Now, it has given a breakout with a green bullish candle and with good volume also (crossed 50MA on Volumes chart) giving an upside rally by over 20%.
Sectorally, buying was seen in metals, public sector, utilities, IT and power stocks while consumer durables and FMCG space saw selling
Sector-wise, buying was seen in consumer durables, and mid & smallcap stocks while utilities, energy, capital goods, and oil & gas witnessed heavy selling.