Buy above high of breakout candle at 370.8 stoploss at 362.4
we can also trade nr to these 2 lines. we will get good risk/reward.
Technical 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.
Looking at the current situation one can go long on NIIT Ltd. Buyback price of 125 is a good deal from the company hope we see my both target before the buyback. Good luck
Cup & Handle Pattern being formed on daily chart of NIIT Tech, currently trading around support line, if breaks & sustain below support line of 1060 then we can expect sustained down trend for coming weeks, once it confirms of breakdown below 1060 then one can expect it to fall another 10-15% in 2-3 weeks and 30-35% over the next few months, Must trail sl at 100...