NIIT - POSITIONAL --- 2022NIIT LTD ..co was set up 1981, NIIT Is leading skills and talent development corporation, NIIT offers training and development to individuals, enterprises and institutions.
About current technical 15 min chart we can see stock made bottom around 360 level and consolidate 360-380 level for few days. last trading session strong breakout at trendline and consolidation level seen with volume. bullish moving avg cross 20,50 SMA at breakout level seen, and rounded bottom pattern formation to show upword target 440, 480 in short term, from current level one can see positional upside 10-20% IN 1-2 month..
latest Q3 result co posted very good no QOQ Basis Revenue increase 51% as well as Net profit jump 32%
BUY NIITLTD @395
TARGET 1- 440
TARGET 2 - 480
stop loss 355
*** THIS IDEA IS FOR EDUCATIONAL PURPOSE.. please do own anlysis and take call at own risk. !
HAPPY TRADING. !
