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Suzlon

Discussion in 'Technical Analysis' started by masihpatel, Jun 10, 2012.

  1. masihpatel

    masihpatel Active Member

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    How many good news this stock requires to go up? two days back it bagged big contract in Karnataka secondly company has announced it is going for big investment in new technology but still stock is going down?:confused:
     
    masihpatel, Jun 10, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    The actual problem is they have very very high forex debt and the current USD rates is not helping them either.
     
    shabbir, Jun 11, 2012
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  3. masihpatel

    masihpatel Active Member

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    Dear Shabbir,
    Can one enter in suzlon at this point? looks like EMA8 has crossed EMA20, and market is expecting some good news about their FCCB debt at the end of this month.
     
    masihpatel, Jul 6, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    No because it is in a long down trend and I prefer playing ahead of news and not when some news is expected.
     
    shabbir, Jul 6, 2012
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