Bullish NSE:NIITLTDBuy = 375
SL = 349.25
Target 1 = 426.5
Target 2 = 452.25
25/09/2021
Bullish NSE:NIITLTD-->NIIT Limited
Buy for short term
NIITLTD trade ideas
Short Term BuyEntry - 324
Exit - 410
SL - 287
Duration - 3M
Trade at ur own RISK...
Info is just for educational purpose...
NIIT LTDNIIT LTD. -DAILY CHART
CUP AND HANDLE BREAKOUT DONE WITH VOLUMES.
RSI IS 67 , POSITIVE DI IS 30 AND ADX IS 28. SO TREND IS STRONG.
CANDLE IS ABOVE DAILY 20 MOVING AVERAGE.
BUY ABOVE - 199 , TARGET - 230..240
SL - 180 WCLBS
Sideways trend in NIIT LtdNIIT Ltd is going through a sideways trend after 12- april- 21, as we can see, that there is a continuous downtrend after 5th april. For short term trading it can bounceback after reaching RSI 40, a momentum cound be seen after 19th may after the release of earning report for the period ending march 21.
NIITINFO STOCK NIIT GIVES BIG BREAKOUT THROUGH DOWNTREND AND NOW READY TO FLY KEEP RADAR IN THIS STOCK FOR NEAR TERM TARGETS
NIIT Ltd.NIIT Ltd. after a long term break out of 115 levels, symmetrical triangle formation is formed on the daily chart. A breakout above 136-137 odd levels can give a great upside move with 148 being the first target. StopLoss can be maintained @127(recent swing low)
SWING TRADE BREAKOUT AFTER 12 YEARS - NIITLTDBUY IN DIPS NOW 131.50 SL 97 TARGET 150
FUNDAMENTAL ALSO SUPPORT WITH TECHNICAL BREAKOUT
Over the last 5 years, revenue has grown at a yearly rate of 20.92%, vs industry avg of 9.45%
Over the last 5 years, market share increased from 27.63% to 65.42%
#NIIITLTD @NIITLtd #CNXITTechnical 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.
NIIT LTD Long, but be careful, as the counter mostlikely may participate in the direction of the overall market. It has rarely bucked the market trend. My bias on the market is negative for the short term.
