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Thursday, October 28, 2010

3i Infotech touches 200-day Moving Average from below



3i Infotech stock price on BSE at Rs. 68.25 has almost touched its 200-day moving average from below after falling below it in early Feb 2010.

The price did try to break through its 200-day moving average in early March, but could not achieve it.

After almost 8 months, the price has again climbed to its 200 day moving average, as is visible in today's chart.  The volume is also quite good.  If the price breaks the moving average, its a good time to go long on 3i Infotech.


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