Wait and watch for Suzlon: Somil Mehta

ET Now spoke to Somil Mehta, Sr. Technical Analyst, Sharekhan, about Suzlon.

Suzlon considering the movement over the last 3 trading sessions, does the uptrend still look a little bit more intact?

Absolutely, Suzlon has broken out of a very huge consolidation range and the volumes are coming in, the momentum indicators has given buy signals, started firming a higher top, higher bottom. Suzlon should hold on to this rally and give us a target of 65 but a little bit of consolidation is needed, a base to form above this range and then again breaking out upside would give me more aggressive targets on the upside.