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- 1800, T2-1900, T3- 2000; SL- 1600
PCR is 0.44 which is good for stock to go upside.
Target Date: 14 Aug.
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- 1800, T2-1900, T3- 2000; SL- 1600
PCR is 0.44 which is good for stock to go upside.
Target Date: 14 Aug.
Trade active:
T1 achieved
Trade active:
T2 achieved
Trade closed: target reached:
T3 achieved.
All targets reached
All targets reached