AVANTI closes at ` 120.65 with a gain of +5.00 % on 26 Oct 2011.It has made 52 week High also .Technically, AVANTI is looking Over-Bought on Charts. Major Momentum Indicators are also Bearish on Price Chart. BSF has given Strong SELL Signal along with Ultimate Plus Indicator on Daily price chart. More Important, the Mid-Term Indicator, Rising Sun is Closing in Dark for this Scrips.
We Recommend to SELL - AVANTI at CMP
Target- `100.77/89.14/70.00
Stop-Loss – ` 133.00
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 with pattern Explorer. You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633.
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 with pattern Explorer. You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633.
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