15 September 2014

UNITECH

4th Nov

As expected the stock started to move up from just below 17 and 78.6% retracement.

Looks heading for 25.25 and later 30.30
Anything more would require more conformation on wave formations. But after the first move the second phase may not be as smooth and swift.

Weekly chart



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Stopped out.
More when count becomes clearer.
For now lower level seems between 16-17.



JUST the right time to enter for long term investment.

Details in the chart.



2 comments:

MurAtt said...

100 tak le jaogay ?

StockTechy said...

Long Term target is near 216 but must point out this is just the initial phase and lot of wildness can be seen in the moves.