3i INFOTECH Weekly NSE Stock Chart Technical Analysis:
This week closed at Rs 67.05. The chart above is showing data updated until 4th Nov only. The candlestick pattern for the week is a shooting star
Market Outlook: The price should fall in the next week after two indecisive week. Don't buy this stock as of now. Sell if it closes below 61 with no indicators showing that it'll return.
Technical Indicators:
- This week ended with a shooting star candlestick. It's not exactly a shooting star but that is the closest way to describe it.
- There are lines of resistance and support which merge by end of December 2010, around Rs. 65-67.
- By Dec end we should have a clear picture emerging of which way the stock is headed.
News:
- A looming rumor of being acquired by Satyam Mahindra is a beam of hope for this stock. If this news comes, jump in and buy immediately for a short term gain.
3i INFOTECH Weekly NSE Stock Chart Technical Analysis:
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