Suzlon Energy Opens 1.25% Higher at ₹60.74 on April 24: Strong Start to the Trading Day

Key Highlights:

Suzlon Energy Ltd kicked off the trading session on a positive note, opening at ₹60.74, up ₹0.75 or 1.25% compared to the previous close of ₹59.99. The uptick underscores renewed investor interest amid recent tailwinds in the renewable energy sector.

This strong start also builds on the stock’s short-term upward trend, maintaining bullishness after breaking the ₹60 psychological resistance in earlier sessions.

Suzlon Share Price: Market Mood and Technical Position

The early uptick in Suzlon’s share price is likely backed by a mix of favorable sentiment around India’s renewable energy push and broader optimism in mid-cap energy stocks.

Key Pre-Market Data:

• Opening Price: ₹60.74
• Previous Close: ₹59.99
• Change: +₹0.75
• % Change: +1.25%

The early trade has positioned the stock firmly above the crucial ₹60 threshold, which could act as new support if the bullish momentum holds.

What This Means for You

For investors, today’s open indicates a positive near-term outlook, especially for those tracking momentum trades or mid-cap energy sector performance.

• Intraday traders can look for quick scalping opportunities if the stock crosses ₹61.25 with volume.
• Positional holders might see continuation toward ₹63–₹64 levels, provided broader market sentiment remains stable.
• Long-term investors could continue accumulation on dips, especially given Suzlon’s turnaround story and sector relevance.

How to Take Action

• Momentum Traders: Track resistance around ₹61.50; breakout may offer upside.
• Cautious Investors: Use ₹59.50 as a stop-loss for fresh entries.
• Fundamental Investors: Focus on upcoming earnings, policy changes, and capacity expansion announcements.

Who Will Be Affected

• Retail Investors: Positive start provides scope for intraday gains.
• Renewable Energy Fund Managers: May increase exposure on dips.
• ETF Trackers: Suzlon’s weightage movement impacts green/energy-focused ETFs.

Sectoral Context and Market Pulse

Suzlon Energy’s pre-market uptick mirrors growing confidence in green stocks. This is consistent with gains seen across global clean energy peers. Additionally:

• Nifty futures were slightly down by 0.17% (Gift Nifty) this morning.
• Other energy counters like NTPC and Tata Power also hinted at a green start.

Early Technical Indicators for Suzlon Energy Ltd

• Support Levels: ₹59.20 / ₹58.75
• Resistance Zones: ₹61.50 / ₹63.10
• Momentum Indicator: RSI likely near 60 (bullish zone)
• MACD: Positive crossover intact on daily chart

Analysts note that sustained volume near current levels could reinforce confidence for a short-term rally.

Suzlon’s Positive Start: Key Watchpoints for April 24

Suzlon Energy Ltd has opened the day in the green, with initial trades indicating solid momentum. If it maintains above ₹60 with strong buying interest, bulls may attempt to test higher resistances.

Stay updated throughout the session for mid-day trends and closing reports, especially as Suzlon’s trading range tightens near the ₹61 mark.

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