In today's trade (Nov 22, 2010) unitech has formed long tail down in point and figure technical chart. It has formed 25 boxes tail starting from Nov 11, 2010 to Nov 19, 2010.During this period the stock went down by 25 points or 30%. In Bar chart the RSI is at 26.4 and Willam's %R is at 85.55. There are too much of sellers than buyers.The stocks is being in bearish mode for quite sometime.
More: Long Tail Down in Unitech - Technical Analysis
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