TradingView
arora_m
Apr 10, 2018 8:37 AM

NIITTECH Flag pattern Trading 

Description

Approaching oversold conditions on the weekly graph.
TA also suggests signs of next wave formation.
Although, recent acquisitions could give a boost in the perceived value by the market.(Arago and Cast)
Hit the top resistance and retraced back ~22%.
wait for the channel breakout(green)
and trade in the flag pattern. watch out for the resistance marked in red.

I will update on the next price movement. and targets if it stays in the channel.

Trade active

Moved up from the strong support. Continuation of the uptrend.
More