NIITLTD trade ideas
More consolidation before BreakoutNIIT 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.
NIIT LTDabove 108-110 stock can see a rise of 40-50% in a years time . Positive cash flow and demand for training will take this stock higher levels. RSI on monthly charts is also provide support for the bullish trend.
