UNITECH Daily NSE Stock Chart Technical Analysis:
Unitech gapped-up today with the overall market trend.
Market Outlook: The sudden gap up does not seem sustainable and cannot be considered reversal in trend as of yet.
Based on Tuesday's market, there might be a buy signal, I'll try and update the call tomorrow.
Technical Indicators:
- There are long term lines of support and resistance on Unitech. Currently, the price will face resistance around Rs 92 and support near Rs 81.
- If it breaks any of these levels for more than 3 consecutive days, it can be considered that the price will remain in the new price channel for some more time.
(Analysis requested by Rajesh, Raipur)
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