There is a potential BULLISH FLAG setup on Unitech Ltd. The price is finding support at around Rs . 6.30. If the price breaks out of the consolidation, we could look to take our proft at around Rs . 11.00 which is the exact hight of the Flag's Pole!
Unitech should take support at the bottom trendline. If it breaks and closes below the trendline, we do not have a trade because then it means that Unitech wants to go even lower!
Unitech Ltd. takes support as expected! Let's see if we get a break-out.
Price breaks the Upper Trend Line. Go long!
The price retraced a bit and is finding SUPPORT at the .768 Fibonacci Retracement of the recent swing. The price may continue it's UPWARD MOVE from this level. I'll keep an eye.