Hold Suzlon with a target of Rs 80-83: Gujral

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Hold Suzlon with a target of Rs 80-83: Gujral

Suzlon is an under performer and it’s trading below is 200 day moving average (DMA). It is probably doing a range of Rs 50-80, so one needs to play this range in Suzlon says Technical Analyst, Ashwani Gujral.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Suzlon Energy See messages about Suzlon Energy Suzlon Energy BSE | NSE 10/02/12 Are Mutual Funds betting on Suzlon Energy?

Ashwani Gujral told CNBC-TV18, " Suzlon is an under performer it's trading below is 200 day moving average (DMA) and these pieces of good news are often followed by pieces of further bad news. So around Rs 80-83 should be his target. Since he has a trading view, I would review his stop loss and put it around Rs 65-66 which was today's (Friday's) low, so if he gets Rs 80-83 on Monday he probably needs to get out. It is probably doing a range of Rs 50-80, so he needs to play this range in Suzlon."