SKSMICRO closes at ` 121.75 with a FALL of -5.0 % on 18 No 2011.It is hitting Lower Circuit on Daily Basis.Technically, SKSMICRO is looking Very Sluggish on Charts. Major Momentum Indicators are also Deep-Bearish on Price Chart.
We Recommend to SELL/ Avoid - SKSMICRO at CMP
Target- `77.40
Stop-Loss – ` 157.00
Time Frame- 15-20 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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