NIIT Limited
NIIT Limited gets ready to expand and set new records, it seems like a wise long-term investment.
Please review and comprehend the daily chart for NIIT Limited. The chart indicates that NIIT Limited is a wise investment in the 200–205 zone, which it enters at any downturn and has so far demonstrated outstanding performance. It also provides numerous opportunities for growth.
Please refer to NIIT Limited's daily chart. The stock is currently breaking out of the ascending triangle formation and soaring quickly above the trendline support. The chart below shows the anticipated upward open range, which is between 290 and 300. The survey claims that there is a considerable demand at the moment.
- Given its present good performance and solid trendline support, NIIT Limited is an excellent long-term investment prospect.
- Because of its strategic location, NIIT Limited might be able to expand and achieve its objectives between 290 and 300.
- Given that the risk-reward ratio is suitable for cash transactions, the best time to purchase the stock is between 200 and 205.
- With a target price between 290 and 300, the chart shows that the stock is poised for a massive breakout as it breaks out of an ascending triangular formation.
Please find attached the daily chart for NIIT Limited. In addition to an upward breakout and trendline support, the daily chart shows demand. The rising demand is reflected in the stock price.
The stock's historical record indicates that now is a good time to buy it at the current price, even after the breakout post horizontal resistance. As a result, keep an eye out for the horizontal resistance breakthrough in the 200–205 area. Demand has risen as of this writing and may approach the anticipated range of 290 to 300.
The present objectives of NIIT Limited range from 290 to 300. The structure of the organization was based on the rising triangle. In technical analysis, the rising triangle is a frequently utilized chart pattern. A rising trend line and a horizontal line are the results of price changes at the swing high and low, respectively. Between these two lines, a triangle is formed.
Investors may be looking for long-term purchasing opportunities around the 200–205 range due to the high demand for the stock. Because of its remarkable risk-reward profile, this company should see a boost in value during market downturns. Don't pass up the chance to purchase this stock. Invest in this company; it has a lot of potential, even in recessions.
It is possible for wealthy investors to buy as much stock as they need and then try to sell it between 290 and 300, with a stop loss at about 180.
The stock or instrument may climb quickly on the upside with heavy volume and surpass the goal if there is no price movement prior to a discernible increase. Traders and investors are still interested in the volatility contraction patterns, or VCPs. To discover more about VCP patterns, visit our website or download the Fx Careers app from the Google Play Store. We also provide precise pattern identification.
The weekly chart of NIIT Limited shows both resistance and support. The spot chart displays each level.
|
NIIT Limited |
Support |
Resistance |
|
Level 1 |
200 |
290 |
|
Level 2 |
180 |
300 |
Company Profile: An Indian multinational skills and talent development company with its headquarters located in Gurgaon, India is called NIIT Limited (National Institute of Information Technology). The company was founded in 1981 with the goal of assisting the fledgling IT sector in overcoming its human resource difficulties. NIIT provides training and development for people, businesses, and organizations.
IIT Delhi graduates Rajendra S. Pawar and Vijay K. Thadani used one million rupees to launch NIIT in 1981. With nine facilities established by 1987, NIIT was the first to introduce a franchising concept in IT education.
Software Product Distribution, under the 'Insoft' brand, was the first step in NIIT's 1986 entry into the software industry. Additionally, the business started providing huge organizations with guidance and consulting on how to best utilize technology and their IT investments.
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