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
As per technical analysis and company's fundamental analysis, I suggest to buy this stock at 124 and hold for target 150 - 180.
All major points & downward levels mentioned on chart
Do your own research because I am not SEBI registered person and this is my personal opinion about this stock
Thanks for your support as always
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other...
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.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Beautiful VCP on charts, scrip has already BO with good volume, if this sustains , 1st Traget 425-Channel Resistance(or 441), 2nd Target 500-Horizontal Resistance, 3rd Target ATH, (this is for medium term)
A Good buy signal showing on chart. Trend change, price near to major support also have hold the major selling Zone. we can consider this scenario for buy.
I found in NIIT LTD it education it's market leader but he make head& shoulder at day 📈 now he make right shoulder if complete the pattern if he go down from both shoulder then good to trade down side.
The prices on the daily chart have given a consolidation breakout and presently trading above the upper band of the pattern.
The stock has crossed its 21-day exponential moving average which is placed at 326 levels. The RSI is reading above 60 levels with positive crossover.
The resistance for the stock is placed at 367 levels and support for the current pattern...
