NIITLTD trade ideas
NIIT Ltd channel breakoutNIIT Ltd channel breakout. Testing the channel. Supported by the RSI and volumes.
Target 1- 197
Target 2-199
Target 3- 202.7
*** Purely personal analysis ***
Investment in securities is subject to market risks. Kindly consult your financial advisor before investment
niitltd looks bullish has given breakoutcan enter the trade levels ,target and stoploss documented on chart
Good for Long viewImmediate/Major Resistance – 220
Short Term Support – 160
Long Term Support – 115
Technical:
Chart Trend - Positive
Chart Pattern –
Recommendation - Buy
Fundamental:
Net Profit – Strong Rise
Earning – Positive
Institutional Strength – FII
Note: Overall Analysis prepared for learning purpose only.
NIIT WITH FLAG!!Guys,
Looks like NIIT is showing bullish flag here and may break out. As I am new to TA and started study few weeks back only. My intention to publish this chart here is solicit your views, ideas, and learning for me to improve. This is definitely not trade recommendation from me.
One thing, I am not able to project the entry point and SL as well.
All the experts are most welcome to provide additional learning.
This will also help others to learn.
PS: I am holding NIIT in my long term portfolio.
Are you ready to book nearly 12 % profit in NIIT LTD ?Clear trendline breakout happen after consolidation, You can take long position in this stock above 171.70. All other part of info is descripted in the chart.
NIIT LTD // Heading For Big Breakout // Safe Swing Trade //NSE:NIITLTD
// DAILY SWING CALL (Not an Intra-day Call) // Friday 11th of September 2020 //
CMP / LTP: 127.25
TARGET: 152+(20% Around)
STOP LOSS: 114(10-12% Max)
IDEAL BUYING RANGE: 123 - 129 (Adjust targets and SL accordingly)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects after my buy call. If u don't want an aggressive trade, you can wait for a
"possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-
5%range). This way the Risk Reward can be improved and profit can be maximized.
- This is a swing trade call and not an intra-day trade
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Disclosure: I may or may not have a position in this trade.
Set for a major upmove ahead.It has given a multi year breakout. Now it has retested its breakout point. Breakout was accompanied with huge volumes, on retesting breakout area volumes dried out which is a +ve sign. Next area of resistance or probable Tgt is around ₹165.
NIIT taking support in 1 hour chart NIIT has long term support at 115 levels and it should reverse from here.
