Suzlon Share Price Analysis: Is the Wind Energy Giant Losing Steam?

Summary:
• Suzlon Energy's share price faces bearish pressure . Explore the technical analysis, forecast, and what 2025 holds for Suzlon

Suzlon Energy Ltd. (NSE: SUZLON) shares have faced increasing bearish pressure, reflecting broader market sentiment and recent challenges in the renewable energy space. The stock has declined significantly from its recent highs, leaving investors wondering whether Suzlon can stage a comeback in 2025.

Suzlon Key Technical Levels

• Immediate Support: ₹62.16 – a critical level being tested by the stock. A breakdown here could intensify selling pressure.
• Next Support: ₹53.89 – a major level that could attract buyer interest if bearish momentum continues.
• Upside Resistance: ₹65.71 – a reclaim of this level is essential for bulls to regain control.
• Major Resistance: ₹73.02 – a crucial zone where previous rally attempts faltered.

Chart Observations

1. Lower Highs Formation: The stock continues to form a series of lower highs, indicating sustained bearish sentiment.
2. Bearish Momentum: Recent price action shows weakness, with the stock failing to hold above key support levels.
3. Volume Decline: Lackluster volume on up days points to limited conviction among buyers.

Challenges Facing Suzlon Amid Renewable Energy Growth

Renewable Energy Demand: Although there is long-term optimism for renewable energy, immediate macroeconomic difficulties and competition might hinder Suzlon’s growth.

Debt Issues: Suzlon’s elevated leverage continues to be a significant risk, particularly with increasing interest rates.

Sector Performance: A general decline in renewable energy stocks has contributed to the negative sentiment towards Suzlon.

Suzlon Outlook

The Suzlon share price could remain under pressure if ₹62.16 fails to hold. A break below this level may trigger a fall toward ₹53.89. However, if the stock manages to regain ₹65.71, it could reignite hopes for a short-term recovery. Long-term investors may need to assess Suzlon’s fundamentals carefully before making any commitments.