Share has started moving in downtrend(shown by red line). RSI is also supporting downward price movement (shown by blue line). EMA 12 days is also about to crossover EMA 26 days from above, which indicates bearishness. In day graph, stock has formed black Marubozu (shown in blue box). All these things indicate that share price will go down.
NIIT Ltd is on the verge of a breakout above 109.8. Forming a flag with pole pattern and also has formed a double bottom at around 72. A long can be considered with a stop below 99. The targets could be at 137 and 148.
