NIIT LTD-- DAILY CHART --POSITIONAL --TRADE SETUP
1. Daily chart seen trendline breakout at todays candle with good volume
2, Rounded bottom chart formation
3. currently strong pullback seen on oversold level
4. trix line bullish crossover seen on chart
5, one can enter at 325-335 level for target 350-375-400 POSITIONAL ( 1 month ) stop loss bellow...
NIIT 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...
NSE:NIITLTD broke out of a rising channel pattern and price made a green candle after retest.
Price did give a breakdown from the pattern but the bulls look more powerful than the bears.
Enter entire position at C.M.P and hold for targets of 650/700
Sl- below 380
NIIT as per daily chart pattern analysis the stock has a resistance at 436 level and once it breaks then 456 level is the target. It has support at 407 and 367 level.However one can see a fresh buying opportunity only after full correction completed.
NIIT has been trading in a parallel channel and is expected to continue the trend.
Chart is pretty self explanatory.
MACD seems bullish
RSI in perfect position after bounce from 50 level
EMA looking up
Upside movement is expected here
This is not a financial advice. Please consult your Financial advisor before taking a position.
Thank You :)
NIIT, has been a dynamic stock, which has quadrupled over the last one year. But if one sees the Forest from the trees, its seems that its merely regained the highs reached back in 2008.
I feel that it will consolidate here. Very little chances of it crossing Rs 195 and going into new unchartered territory.
RSI is high, LT channel is not giving a great rosy...
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-...
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