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NIITNIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges. PROS The company has reduced its debt. The company is almost debt-free. The company is expected to give a good quarter. The company has delivered good profit growth of 39.3% CAGR over the last 5 years. The company has been maintaining a healthy dividend payout of 17.8%. Let's speak about the technical view:) NIIT has been in a consolidation phase since 2007 after a COVID fall. It gave a breakout, then a big rally from 151 to 650 (+380% return). Now the stock has already corrected almost 58%, and the stock looks super interesting to me. Multi-Bugger stock can touch again 650 soon in upcoming times.) (Like, comment, and subscribe for more stock analysis.)) #Watchlist #NIIT (M): CMP 328 Looks Good for 400, 500, and 600+ Disclaimer: The view shared is for educational purposes only.
NSE:NIITLTDLong
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INDUSINDBK (M)INDUSINDBK (M) is in an uptrend (ascending channel). An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterise this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows and an upper channel line that joins the swing highs. 1) An ascending channel is used in technical analysis to show an uptrend in a security’s price.  2) It is made up of two positive sloping trend lines drawn above and below a price series depicting resistance and support levels. 3) Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals. After a COVID FALL, INDUSINDBK is facing a resistance trend line which INDUSINDBK broke on the start of August. If INDUSINDBK breaks and sustains above 1250, then 1500, 2000, and 3000 will easily come in future uptrend months.
NSE:INDUSINDBKLong
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