Monday, August 24, 2009

why unitech is not moving

TODAY NIFTY IS ZOOMED OVER 125 POINTS. BUT, THE UNITECH HAS MOVED JUST 2.50/- SETTLING DOWN AT 90.60..

Unitech chart is clearly showing that there is top head and shoulder formation with RSI 55.68, MACD bearish...indicators which are bearish to the stock...Until the support sl 85 holds and consolidate over 95, the tgt 105 is not so easy to hit...



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