3I Infotech- CMP 7 - Is it on Breakout with higher volumes. It has announced its results and are good. It took support at lower side of Bollinger band and also at 20 EMA which is close to around 6.2. It made a rounding bottom cup formation on longer time frame on weekly charts. It can go up to upper end of Bollinger band in very short time and is presently at 9 to 9.35. Can go to 9, 9+ with a SL of 6. This is for educational purpose only and trading shall be done with financial expert advice.
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3I is at 8.45 as on yesterday. It s going to meet its target of 9 today as it is in 5% UC limit. Can still go further up.
