Technical Analysis of Indian Equities by Nooresh

Stock on Radar – NIIT Limited

Before i start let me mention that i like the stock with a long term view and is a favorite so definitely biased.

#Disclosure : Recommended at lower levels in Big Value

 

The stock was also recommended at 32-33 levels before – Check this post

 

niit

 

NIIT Limited Technical View

 

-> Making a triangle formation with a breakout above 54-55.

-> Volumes are slowly picking up.

-> Supports at 48.

-> upside targets at 65 +

 

Will watch for a move with volumes above 54-55 to look for a quick trade.

Article by Nooresh Merani

Nooresh has written 2717 articles.

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{ 2 comments… add one }
  • T.P. Anilkumar November 17, 2014, 21:02

    Sir,
    Your calls are wonderful for patient holdings. Though I start everytime as an investor, eventually end up as a trader. Can you recommend for intra day trading or positional on options for 3-5 days.
    Regards,
    Anilkumar

    Reply
    • Nooresh November 17, 2014, 22:07

      Please check Quickgains Premium Newsletter Service

      Reply

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