Unitech Stock Technical Analysis – Nov2013

The chart says it all. Unitech has been tightly contained by its resistance line, and there haven’t been any triggers for break out on upside. However, a breakout at current level of 16 can take the stock into rapid upmove towards 21-26 level.  Current Price = 16 and 1 year Target =31 (by 31 Dec 2014).