ADVANTA closes at 275.45 with a fall of -1.0% on 17 June 2011 with formation of Small White Candle on Daily Price Chart. Technically ADVANTA is looking extremely overbought on Daily Charts. Major Momentum Indicators are Showing Weakness on Daily Price chart.W% R is Cooling-Off From its higher levels along with RSI, Buyer-Seller Force Index & PZO.
We Recommend to SELL - ADVANTA at CMP
Target- 265/250
Stop-Loss – 281
Time Frame- 5-10 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
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