There is a Less Probability of Neckline Breakdown of the Ascending Head & Shoulders of NIITTech since the company is Fundamentally strong, but you never know!
I do see more upside in this stock! For long term investors 600 could be reached within couple of years!
The stock has formed a nice Head & Shoulder pattern after uptrend. We can expect the price to reverse now and take advantage of the pattern by shorting the stock. The pattern can drag the prices to 920 - 940.
ENGINEERS INDIA have broken its support line on daily chart. Also, its has formed 'Head and Shoulders' pattern.
Though RSI looked oversold, but it is going to fall to level of around 139 in short term.
Please comment, if you feel any change/addition to my view :)