Suzlon Energy has target of Rs 90-91: Thacker
23 Dec 09 11:58 AM
Money Control
Suzlon Energy has target of Rs 90-91, says Mitesh Thacker, Technical Analyst, miteshthacker.com.
Thacker told"Suzlon Energy is looking good. We saw good volumes yesterday with some additions in the open interest (OI) segment. The stock price kind of negated the distribution pattern on the charts. So in the short-term, the stock should do well and Rs 90-91 could be a good short-term target."
He further added, "Reliance Power on other hand is probably going through some base formation. Once the stock price breaks on a weekly basis above levels of around Rs 160, Rs 155- 160 is the big breakout range for this stock, the stock could trigger a good uptrend."