TradingEdge_Academy

NIIT TECHNOLOGIES - BREAKDOWN??

NSE:NIITTECH   None
NIIT TECHNOLOGIES #NIITTECH

- MOVING IN A UPWARD TRENDING TRIANGLE PATTERN
- TAKING RESISTANCE FROM 1575 LEVEL AND SUPPORT FROM 100SMA.

INDICATORS:
RSI - NEUTRAL/SIDEWAYS AT 50-LEVEL
TT2 TREND - BEARISH IN 15MINS AND BULLISH IN DAILY TF
CVD - ALMOST NEUTRAL

COMMENTS:
1. SELL BELOW 1550
WITH TSL 1580
TGTS 200SMA/1500

2. BUY ABOVE 1615
SL 200SMA
TGTS 1641/1667/1770

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.

-
Garey
Whatsapp - +91 9999 504 500
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