SWFguy

NIIT: 14 long years (will there be the Diwali now)

Short
NSE:NIITLTD   NIIT
NIIT, has been a dynamic stock, which has quadrupled over the last one year. But if one sees the Forest from the trees, its seems that its merely regained the highs reached back in 2008.

I feel that it will consolidate here. Very little chances of it crossing Rs 195 and going into new unchartered territory.

RSI is high, LT channel is not giving a great rosy feeling. But the stock and the company is pure GOLD !!
Comment: 25% drop in three weeks. ;)

Target is way lower. Though at Rs 100 a pullback/ consolidation cannot be ruled out.