Unity Infraprojects Ltd. looks very bullish on charts. Unity Infraprojects was consolidating between 105 & 115 for last 1 month and made a breakout of its previous high on very high volumes on Friday.
Technically, the scrip is currently trading above its 20 days and 50 days EMA. The 20 days EMA has just crossed over 50 days EMA. The other technical indicators are also supporting the bulls. MACD is positive and above the signal line. RSI is moving up and above its 50% level.
- BUY Unity Infraprojects Ltd. around Rs 115 with stop loss of Rs 109 for a target of Rs 124 in a week time.
- For Short Term trade, Accumulate Unity Infraprojects Ltd. between Rs 110 – 115 for a target of around Rs 140. The scrip has very strong support at 102, which is its 200 days EMA. Scrip is very strong above 124 and likely to cross140 once it closes above 124.
Unity Infraprojects Ltd. is also fundamentally very strong. I have already recommended accumulating the scrip at Rs 110 for a short term target of Rs 140 few days back at my Blog.
Thanks for visiting my Blog. Stay tuned for more updates.
IndiaStock
Posts
No comments:
Post a Comment