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!
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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!
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Unitech Ltd. takes support as expected! Let's see if we get a break-out.
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Price breaks the Upper Trend Line. Go long!
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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.