November 2, 2010

UNITECH Daily chart analysis

DAILY CHART
DAILY LINE CHART
  • Important support for unitech is 86 and 83.
  • Things will favour bulls only if it starts to trade above 90 and 91.
  • Closing below 86 will be negative.
  • The Structure of the stock looks still positive with higher high's and higher lows. So the bulls may not panic unless the stock breaks and closes below 83.
  • One of the trend lines drawn in the first chart should give support for the stock. One should also keep a watch on how the stock behaves near 50 DMA.

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