NIIT Technologies – 14.02.2018.

Daily Sentiment: Bearish.

Weekly Sentiment: Bullish.

Trend Strength: Moderate

First Target: 723 (Pivot point)

While stock holds inside this channel we must be ready for weakness.

Close below Pivot point and Trend Strength will change to Strong.

In this scenario we should see 16% fall towards main Support zone.

If stock gets below it, fall will continue.

Close above Resistance zone would confirm deeper correction towards channel resistance.

If NIITTECH is able to close above channel next stop should be all time highs.

Close above highs and rise will continue.

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