NIIT as per daily chart pattern analysis the stock has a resistance at 436 level and once it breaks then 456 level is the target. It has support at 407 and 367 level.However one can see a fresh buying opportunity only after full correction completed.
NIIT has been trading in a parallel channel and is expected to continue the trend.
Chart is pretty self explanatory.
MACD seems bullish
RSI in perfect position after bounce from 50 level
EMA looking up
Upside movement is expected here
This is not a financial advice. Please consult your Financial advisor before taking a position.
Thank You :)
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...
COFORGE buy between 2065-2085
SL 1980
TARGET 2100, 2125, 2148, 2164, 2182, 2193, 2204
During correction, It may bounce first in range 2150-2165
Else bounce possible in range 2065-2085
Posting for Educational purpose only
Closing Basis means stock need to trade in range 2065-2085 between 3:20 ~ 3.30 PM
If my analysis appears OK then please LIKE, FOLLOW and SHARE...
HOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
I have been tracking this charts for last one week. Yesterday it gave BO but still a little hurdle present at marked pink line. As per strength I'm bullish on it & once it is broken free fly for niittech.
Date: 18 July 2020
NIIT Tech (CMP 1678.70)
Price movement in a channel from 4 months. Per Fibonacci retracement, the price may bounce to 2000 level. The 20 DEMA is closely touching the 200 DEMA and if it crosses the 200 DEMA then the speed of stock to go up may increase. This will be bullish sign.
Can see 20% upside in the stock in short to medium term.
T1-...
Stick to the plan
As per the plan
now 1455 is strong support until there is any bad news in the market
buy on dip especially near 1452-1447
break-out and a long spike after price 1504
Tip: follow the channel
NSE:NIITTECH NIITTECH is in a downtrend and has retraced to 0.618 level on Fibonacci.
it has also closed below 200DMA which is the last bull resort.
NIITTECH SHORT CMP 1486 target 1213 stoploss 1573
NIITTECH Breakout Rectangle pattern so now it may consolidate here range of 1420 to 1460 so if it break level of 1500 then go long for target of 1572..
