Momentum Pick: Will rally in multibagger Suzlon Energy stock continue?

Analyst Rajesh Palviya, Senior Vice President – Technical and Derivatives Research at Axis Securities said the stock made higher tops and higher bottoms on technical charts, displaying a strong uptrend. On the quarterly chart, the stock has confirmed a rounding bottom formation breakout at levels around 17 on a closing basis, which signals positive bias, Palviya said.

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