Wednesday, January 18, 2012

Avoid Essar Oil Ltd. | Technical Chart | 19-Jan-2012

Below is the technical chart of Essar Oil Ltd., listed on Indian stock exchange, using Ichimoku Kunko Hyo indicator.





Essar Oil is trading below kumo as well as below kijun-sen line. So, avoid this stock till it crosses kijun-sen line i.e. 83. There is more space for this stock to move more downward.

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