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.

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