NIIT Ltd - 270/230 levels can be considered for adding / averaging on existing positions.
The stock is bullish with RSi above 70 and good volumes. The stock is expected to reach the targets shown on chart soon.
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...
Look fresh in range 2100-2175 for upside 2550 first with SL 1960..!!!
COFORGE buy between 2065-2085 SL 1980 TARGET 2100, 2125, 2148, 2164, 2182, 2193, 2204 During correction, It may bounce first in range 2150-2165 Else bounce possible in range 2065-2085 Posting for Educational purpose only Closing Basis means stock need to trade in range 2065-2085 between 3:20 ~ 3.30 PM If my analysis appears OK then please LIKE, FOLLOW and SHARE...
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
The five wave declining structure suggests that the stock is going to give a zig-zag correction as wave-4 formation.
Strong closing above yearly high, shining strength of the bull in this Buy with 1880 OR 140rs below entry as SL.
I have been tracking this charts for last one week. Yesterday it gave BO but still a little hurdle present at marked pink line. As per strength I'm bullish on it & once it is broken free fly for niittech.
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-...
buy above 1722 and target Tl resistance which is 1740 if breaks TL than target 1760 and 1800
Stick to the plan As per the plan now 1455 is strong support until there is any bad news in the market buy on dip especially near 1452-1447 break-out and a long spike after price 1504 Tip: follow the channel
NSE:NIITTECH NIITTECH is in a downtrend and has retraced to 0.618 level on Fibonacci. it has also closed below 200DMA which is the last bull resort. NIITTECH SHORT CMP 1486 target 1213 stoploss 1573
NIITTECH Breakout Rectangle pattern so now it may consolidate here range of 1420 to 1460 so if it break level of 1500 then go long for target of 1572..