Kunal Bothra of LKP Securities told CNBC-TV18, "Adani Power has come out above the 200-day moving average and that is one of the good signs and just to give an example a couple of days back Suzlon Energy which was trading below the 200 day moving average, it languished for at least three to four months below the critical trend line but the fact that it has come up above the 200-day moving average, now it could probably eye a lot of interest from the longer term investors as well."
On Thursday, Suzlon Energy closed at Rs 25.05, down Rs 1.75, or 6.53 percent. It has touched an intraday high of Rs 27.40 and an intraday low of Rs 24.65.
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