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 :)
NSE:NIITTECH Long at 1410.65 with SL at 1402.15 and TP 1427.65
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
Share price has fallen from 1314 on 26th April to 1259 by end of today. Despite fall in price, investor interest has not increased. We consider delivery quantity as % to traded quantity as investor interest. Of course, this could be distorted by Buy Today Sell Tomorrow positions. But, still one can fairly ascertain investor interest using this ratio. We have...
BTST IN NIITECH
NOTE:IS ALSO GIVEN AS A POSITIONAL TRADE EARLIER
ADD UP TRADE
HOLDING MOVING AVERAGES WITH
A PIERCING LINE CANDLESTICK PATTERN
ITS LOOKING GOOD FOR A BREAKOUT
JAN FUT TRADE
BUY@1155
STOP@1140
TARGET@1172
LOT:750
QTY:1
HEW YEAR TRADE
NIITECH
STOCK HAS FORMED A STRONG DEMAND AND SUPPORT ZONE
NEAR 1100-1105
AS PER MY VIEW A SLIGHT GAIN IN DOLLAR IS EXPECTED IN JAN
WHICH WILL LEAD TO INCREASE IN NIITTECH
HAS BROKEN 1140 AGAIN ON WEEKLY CHART
JAN FUT
BUY@1155
STOP@1105
TARGET 1@1205
TARGET 2@1250
LOT:750
QTY:1
INSIDE BAR BREAKOUT TRADE IN NIITECH
NOTE DATA WATCHED ON FUT CHART
DEC FUT CHART ANALYSIS ON HOURLY SCALE
RANGE BREAK EXPECTED ON HOURLY CHART
BREAK >1144
BREAK<1133
TRADE ACCORDING AFTER BREAKOUT
DAILY NARROW RANGE BREAKOUT EXPECTED
AFTER A BREAK AOBVE 1153 ON CLOSING BASIS
OPENS UP TGT TO 1162-68
LOT:750
QTY:2
WAIT FOR A BREAK
![NIITTECH: NIITTECH Long Setup [Intraday]](https://s3.tradingview.com/p/P3zBvqsH_mid.png "NIITTECH Long Setup [Intraday]")
