Above Rs 84, Suzlon Energy can touch Rs 91: Bose

Technical Analyst, Rajat K Bose is of the view that above Rs 84, Suzlon Energy can touch Rs 91.

Bose told CNBC-TV18, "I would say that Suzlon Energy is actually struggling around its resistance level of Rs 84. If Rs 84 is crossed decisively then the next target would be Rs 91 and once Rs 91 is crossed, real bullish momentum would usher in but before that it would be a tug-of-war. If it falls below Rs 78, once again it will become weak otherwise let us hope that it crosses Rs 91. But overall my feeling is that since the market has recovered and there is something amiss in the sense that this is for the first time I guess there is some short covering at the end. This suggests the bottom formation might have happened. So Suzlon and others might do well as a momentum stock."