Stay with Suzlon Energy: Ashish Kyal

Ashish Kyal of wavesstrategy.com told CNBC-TV18, "Suzlon Energy has shown sharp move from the levels near Rs 7 to Rs 35 and post that it has been consolidating for many months now. So one can hold on to the stock, this consolidation can give a positive breakout on upside with a crucial support level lying near Rs 17.""As long as Rs 17 is intact, one can hold on to this stock and any move above Rs 28-29 levels can result into a very sharp upside trend. So the stock is looking good, this can be the third wave on upside but the confirmation is going to be obtained once it breaks above Rs 28-29 level," he added.Suzlon Energy ended at Rs 22.70, up Rs 1.05, or 4.85 percent on the BSE.