Hi guys, In this chart i Drew My Best Levels in NIITLTD for Long, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
⚡️ Market structure has started to shift.
⚡️ Consolidating in the range for the last 2 months.
⚡️ Some volume expansion in the last 2 days.
⚡️ If it manages to sustain above 390, expect it to move towards 440.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
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.
buy above 437 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
NIIT took support after falling for 5 days!
Strong demand at 280-290 levels!
Stoploss and Targets are mentioned in the charts.
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Expleo Solutions Ltd.
Risky but could be a great trade
RR Ratio > 4
Target 1750 almost 50%
Time < 6Months
BULLISH WEDGE BREAKOUT
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
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 :)