NIIT - Multiple Frame Analysis | Yearly Resistance Breakout
Weekly Chart
The downtrend reversed from support level and price given a yearly resistance breakout with rising volume. The stock continually making a higher high from past 7 months and 50% fib acting as strong support.
Daily Chart
Upward parallel channel breakout and retested the level with good volume.
Technical Indicator
- Golden crossover and price above key moving average 20, 50 and 200.
- RSI breakout and successful retested the level.
Entry above Rs 407 ; Stop Loss below Rs 376 ; Target 1 Rs 500
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
The downtrend reversed from support level and price given a yearly resistance breakout with rising volume. The stock continually making a higher high from past 7 months and 50% fib acting as strong support.
Daily Chart
Upward parallel channel breakout and retested the level with good volume.
Technical Indicator
- Golden crossover and price above key moving average 20, 50 and 200.
- RSI breakout and successful retested the level.
Entry above Rs 407 ; Stop Loss below Rs 376 ; Target 1 Rs 500
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
評論:
Monthly Chart
評論:
Support Rs 382 ; Resistance Rs 417
評論:
Corporate News :
NIIT Ltd shares demerger on June 8 in the ratio of 1:1
NIIT Ltd shares demerger on June 8 in the ratio of 1:1
評論:
Price Adjusted Chart
評論:
price hovering around support level.