Hi DSA,

Dont take losses, rather than buying in some bulk everytime, I suggest you to SIP Suzlon, I do see value in it in the longer term.

Suzlon can be a wonder of 2010-11. Business goes through good or bad times, whats important is if the business is good given the big story behind?

For me, its deifintely good. SIP SIP SIP.

Support 72, either maintain a stop loss or exit on rises around 78 ( RES)

3 years is too less time for SIP. The longer it is, better the returns. You can go for Growth funds expecting 13-14% CAGR on investment via SIP.

Invest atleast for 5 years and if not a problem then practice the same discipline SIP directly into equity with some extra money if you can.

And by the way, SIP virtually carries no risk as long as you are committed to invest for some long time and doing whats required.

You should be looking for getting out of the stock on rises, rather than looking for some upside targets which is unlikely to happen as per as your cost price.

Look what I said earlier about it http://www.mumbaibull.com/StockQueries-SEL%20MANUFACTURING%20COMPANY-Analysis.aspx

But as you are stuck already, you may try averaging around 54-55, bringing down your cost hence an earlier exit. Support area 54-55 is likely to hold.

As long as closing above 72, the stock can bounce back and test higher levels upto 78, 82. You may try shorting either on rises upto the Resistance zone or Buy strike 70 put option if closing below 72.

I am personally going to be an accumulater on declines for investment purpose. I see value in Suzlon.