NIIT is good in volume and previse breakout is positive after FII's & DII's Profit booking.
it is at good support and FIB level.
it could be silent for some days and wait for breakout.
this article is for education only not giving any advice.
The stock is in consolidation since Sep 2023, looks poised to break out of the 4 month old consolidation.
One may enter and look for,
Target 1 - 129
Target 2 - 133
Target 3 - 140
Target 4 - 150-154
NIIT Ltd (Swing):
A 50 up move is on the cards for swing.
Keep adding in chunks while script checks the demand zone.
Appropriate support, demand zone, resistance and targets are highlighted.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
NIIT ltd 387 by 7th Oct. NIIT Limited is an Indian multinational skills and talent development corporation headquartered in Gurgaon, India. The company was set up in 1981 to help the nascent IT industry overcome its human resource challenges. NIIT offers training and development solutions to individuals, enterprises and institutions.
Technical Indicators Showing Breakout Above
Technical Breakout
Up Flag
Low Risk Moderate Return
First Target Rs . 110
Second Target Rs . 115
Third Target Rs . 120
Stop Loss Rs . 98(on closing basis)
CMP Rs . 103.2
If Crosses 120, Hold for rally and trail SL.
Looking at the current situation one can go long on NIIT Ltd. Buyback price of 125 is a good deal from the company hope we see my both target before the buyback. Good luck
