More consolidation before Breakout
NIIT has completed the Flat pattern ABC. The recent up move seems to be in a consolidation phase. Once the consolidation to the downside is finished, the next move could continue to be up wards and it will most likely make a higher high. I wont suggest buying yet nor shorting it either but I would definitely like to wait patiently till the consolidation is done and gives a sustained breakout- to make any decision.
*** There's a fractal shown in the chart that gives us an idea about the price behavior once a pattern is complete.
*** There's a fractal shown in the chart that gives us an idea about the price behavior once a pattern is complete.
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