Updated
niitech - ahead of result
niittech is in consolidation after a gapup.
street expecting a good result and INFY type move is expected by few analyst.
2 cases are possible in my understanding -
a) stock gapup above 1363 and start trading north towards and can hit 1425 as shown in chart
b) stock gap up nd started falling like we saw in #acc post result (despite good result)
one more case arise -
in case of bad result we can see a fall like this
street expecting a good result and INFY type move is expected by few analyst.
2 cases are possible in my understanding -
a) stock gapup above 1363 and start trading north towards and can hit 1425 as shown in chart
b) stock gap up nd started falling like we saw in #acc post result (despite good result)
one more case arise -
in case of bad result we can see a fall like this
Note
short trade initiated at 1320Note
tested 1st support of 1285
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