Short
NIIT Tech about to start southbound journey.
Updated
On the daily chart stock broke the 3 month old trend line support with volume. Beside this stock is forming head and shoulder pattern, whose neckline is placed at 1300. Going forward stock is not showing much strength .
Note
Stock took support to 1300 levels and bounce back sharply and lead to failure of head and shoulder patterrn. Thus exit short position.
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