DYNAMATECH closes at 1547.45 with a gain of +2.90% on 17 June 2011 with formation of White Opening Marubozu Candle & Hits the Upper Price Band of Expanding Triangle on Daily Price Chart. Technically, DYNAMATECH looking extremely week on Charts. Major Momentum Indicators are Showing Weakness on Daily Price chart.W% R is Cooling-Off From its higher levels.
We Recommend to SELL - DYNAMATECH at CMP
Target- 1501/1469
Stop-Loss – 1569.50
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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