Buy Suzlon on declines: Rohit Shinde, Nimbus Wealth Management

Suzlon, in the short term, can even go and test the next support at 34.

Rohit Shinde, Head Technical Research, Nimbus Wealth Management, in a chat with ET Now talks about Suzlon.

What are your thoughts on Suzlon?

I am seeing around 50 levels for Suzlon right now. But I feel that it is just a bounce back from these levels of approximately 46 and 45 and I do not feel the stock will sustain much.

It will again face some resistance around the 55 levels and then maybe in the short term, it can even go and test the next support at 34. Over there, could be a very good point to buy this stock.
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