Hi Guys,There is very high probability move in making in this stock, look for upside till 3.20 or max 3.70. but be very cautious you don't wanna keep this stock after those levels it might come back again around 1.80 levels. so when you are profitable get out.
thanks/
Unitech Ltd. is in a consolidation for a long time now. A triangle pattern called 'Descending Triangle Pattern' is forming on the 4 Hour time frame. Although, the text book definition of a 'Descending Triangle Pattern' is that the price usually break to the downside, however, that's not always the case.
Also, the RSI shows divergence + there is also an ongoing...
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...
