Unitech seems to be forming a triple bottom each higher than the other. Relative to volumes before may 2008, since then the volumes indicate high accumulation below 100…………. For the post period.
Buy for close above 85. SL 83.2. As bear power seems to be dropping. But in case of a weak market stay out, as this is an index stock.
Daily has initiated a buy signal, whereas weekly has not yet. But above 87 this too will be in place. An indicator is already indicating that it is ready to step up.
Even DLF is showing similar pattern, whereas Unitech is the better of two in formations………….. As per IV there is no entry as of now in either……………………
Abe
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Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
Happy Trading,
United we grow!!!
.
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