June 6, 2011

UNITECH Analysis

  • A possible double bottom formation in unitech weekly chart.
  • Price also has a bearish descending triangle pattern. But positive divergence in weekly RSI is negating the bearish pattern So Chances of the bullish double bottom playing out is more.
  • So one can try a long trade with 30.3 as stop loss.
  • NIFTY INTRADAY UPDATE

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