Bearish on Suzlon: Ketan Kharkhanis: ICICI Securities

Ketan Kharkhanis, Head of Active Trader Service, ICICI Securities, in a chat with ET Now talks about Suzlon.

At 51 levels, what is the sense for Suzlon?

Suzlon has been moving in this range 45 to 52 for quite sometime now. I think the trend remains bearish on the stock. If you have to take a call on the positive side, I think we will have to wait for the stock to really move out of this range probably beyond 55 to take a fresh buy call on the stock. In the meantime the stock remains in a short term downtrend only.