NeeteshJain

Unitech Breaks Out Crucial Support Levels

Short
BSE:UNITECH   UNITECH LTD
It is been observed on the daily chart that the price action breaks out and closes below the crucial support levels of 4.75 indicating sellers dominance and control over price action at current levels. It indicates further bearishness in upcoming trading sessions and the prices shall further move down to next support levels at 4-3.80 levels.

Target 1: 4.1
Target 2: 4.0
Stoploss: 5

Risk Reward: 1:1
Trade active: Closing up to Targets, Already 2% down. Regards
Trade active
Trade closed: target reached: Big Target reached successfully, Regards