Unitech share daily chart analysis
Unitech share on last trading session closed at 11.4 rupee with loss. On daily chart, stock price short-term trend and momentum both are down. Trading way below major average of 13.7 and making lower bottoms. On upside 12.5 and 13.7 are strong resistance levels for stock for March and April series. On downside, 10.9 and 10 rupee are strong support zones. Indicators patterns are mixed but traders stay with trend and below 14-rupee keep bearish view.
Unitech share weekly chart analysis
Unitech share on weekly chart showing losses for this week. Weekly chart price trend and momentum both are down. Below 15-16 rupee zone, stock will continue to face supply from market. On downside, 9 and 6 rupee are support as well as targets if trend continues. If gives weekly closing above 15 rupee and sustain then only we may see trend reversal and some upside for stock. Above 16 rupee, 18 and 21 rupee are strong supply zones. Weekly chart indicators patterns are very bearish and suggesting downside for stock in upcoming weeks.
Unitech share monthly chart analysis
Unitech share in last 6 month tumbled by 31% and given relative -41% returns to investors. Stock fundamentals are very weak and by valuation means still expensive. Stock is trading at 2005 level while all time low was near 1 rupee. In last 5-month stock dropped from 19 rupee to lows of 10.85. Below 9 rupee will be best buy while 3-4 rupee will be value buy. Nevertheless, due to corporate issues long-term investment in this stock remain high risks. If conditions improve and stock rallied with market then 21 to 28 rupee will be 12-24 month targets.
Unitech company description
Unitech Limited is a real estate developer engaged in real estate development and related activities, including construction and consultancy services. Its segments include real estate and related activities, property management, hospitality, electrical and others. Real estate development includes development of mini cities/townships, construction of residential and commercial complexes, including shopping malls and various types of dwelling units. The related construction activities include construction contracts of highways, roads, powerhouses, refineries, hotels, hospitals and various types of other buildings/structures. Consultancy and management services include overseeing of project execution, marketing of real estate ventures for associates and joint ventures. Manufacturing of power transmission and telecom towers in India is carried out through a subsidiary, Unitech Power Transmission Limited. Property management activities include maintenance of commercial and other properties.
Unitech share fundamental ratios
|Range||11.40 – 11.90|
|52 week||10.85 – 31.50|