Buy: NIIT Technologies Limited (Above Rs 1,915)
Target: Rs 1,995
Stop loss: Rs 1,853
The stock is forming a bullish flag pattern in daily charts and thus a resistance breakout from the level of 1,915 would lead to the stock witnessing a bullish movement. Considering the technical evidence discussed, we recommend buying the stock above Rs 1,915 for the target of Rs 1,995, keeping a stop loss at Rs 1,853 on a closing basis.
Target: Rs 4,275
Stop loss: Rs 4,090
The stock is witnessing resistance breakout from the level of bullish divergence on daily charts, further strength in the stock would result in bullish movement in the stock if it sustains above 4172, Breakout from this level might lead the stock towards its next resistance zone. We recommend buying the stock above Rs 4,172 for the target of Rs 4,275, keeping a stop loss at Rs 4,090 on a closing basis.
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