The outlook for Suzlon Energy (₹52.93) turned strongly positive after the recent recovery. 

Immediate resistance for the stock is at ₹60 a close above which can trigger fresh rally. In that case, Suzlon Energy will rise to ₹72. Key support levels are at ₹47.75 and ₹38.20.  We expect the upward momentum to continue for some more time.

F&O pointers: Suzlon Energy April futures and May futures closed at ₹52.96 and ₹53.34 respectively against the spot price of ₹52.93. The counter has been facing unwinding of open interests due to profit taking. However, May contracts are witnessing a steady long build-up.

Strategy: Consider going long on Suzlon Energy futures while keeping the initial stop-loss at ₹50. If the stock opens on a positive note, shift the stop-loss ₹53. Traders can aim for an initial target of ₹56-57. The stop-loss should be used judiciously to protect profits as well as the capital.

Traders should bear in mind that Suzlon Energy is one of the volatile stocks, demanding prudent trade management. So this strategy is strictly for traders who have a better understanding of risk in trading futures and also are comfortable in meeting margin commitments.

Risk-averse traders can stay away from this, while traders with a penchant for risk can even aim for a higher target of ₹60.

Follow-up: Our recommendation on L&T would not have provided any opportunity.

Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading.

Published on April 18, 2026