Unitech may test Rs 12.50: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Most of the realty stocks are looking weak and Unitech has already broken the neckline of head and shoulder pattern on daily chart. So, we may see further downside. The stock has broken the support of Rs 14.75 today. So it can test Rs 12.50 in the next two to three trading sessions. One can put a stop loss at Rs 15.30."

At 14:47 hrs Unitech was quoting at Rs 14.40, down Rs 1.15, or 7.40 percent. It has touched a 52-week low of Rs 14.25.