Updated
NIITTECH Flag pattern Trading
Approaching oversold conditions on the weekly graph.
TA also suggests signs of next wave formation.
Although, recent acquisitions could give a boost in the perceived value by the market.(Arago and Cast)
Hit the top resistance and retraced back ~22%.
wait for the channel breakout(green)
and trade in the flag pattern. watch out for the resistance marked in red.
I will update on the next price movement. and targets if it stays in the channel.
TA also suggests signs of next wave formation.
Although, recent acquisitions could give a boost in the perceived value by the market.(Arago and Cast)
Hit the top resistance and retraced back ~22%.
wait for the channel breakout(green)
and trade in the flag pattern. watch out for the resistance marked in red.
I will update on the next price movement. and targets if it stays in the channel.
Trade active
Moved up from the strong support. Continuation of the uptrend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.