5-7 Days Buy UNITECH

5-7 DAYS BUY UNITECH ABOVE 80 WITH THE STOP LOSS OF 76 AND TARGTE OF 88

In the above Daily Chart of UNITECH, a Long White Candlestick has been formed today, indiacting a strong buying pressure and the prices have given a successful breakout from the strong resistance of 80.00 with a good volume after as long time, due to which Buying is recommended with a potential target of Rs. 88 in next 5-7 days.

What does Indicators say:

1. MACD (26 Days): On the Daily Charts, its value is 1.15, which is above 0, thus indicating that Short Term Moving Average is above the Long Term Moving Average, which signals upward movement in the Stock.
2. RSI (14 Days): Its value is 69.23, which is much above 50 signalling that the stock is in Bull Trend.
3. Simple Moving Average (50 Days): It is at 73.80, and prices are tarding above this level, hence Bullish indication.
4. Exponential Moving Average (20 Days): Its value is 75.72, again giving a Bullish Indication.
5. Average Directional Index: The positive Directional Index (+DI) is at 32.11, negative Directional Index (-DI) is at 11.46 and ADX is at 23.66, again giving a good buying signal at this point.