3i Infotech & 200-day EMA

3i Infotech stock price on BSE has crossed its 200-day EMA from the underneath after almost 6 months of staying under the 200 day moving average.

This could mark a positive sign for 3i Infotech in the stock market.  

A closer looks shows that today, the stock price went to an intraday high above the 200 day moving average but it dropped back to close further below with good volume.

Moreover, the intraday high touched and retracted from a trendline that is supported by some other tops and bottoms in the past 6 months.

Though the stock has faced resistance at this level, breaking through the 200 day moving average is a very positive sign and if the price breaks through this resistance with confirmation on next successive day/s, its a good time to long this stock.  I'll keep this forum updated.

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.