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Price and trend forecast of NIITLTD for Tomorrow, Weekly, Monthly

NIIT Limited

Symbol: NSE:NIITLTD

ISIN: INE161A01038

217.70

As on 2024-12-06

90.55 (52W Low) 233.80 (52W High)

NIITLTD's Today's Performance

NIIT Limited started the day by opening at 221.00 today 2024-12-06. Its shares reached a high of 221.79 and dipped to a low of 213.00 in intraday. When the markets closed, NIITLTD’s stock price settled at ₹217.70 per share. Also check out its key support and resistance levels.

NIITLTD Buy/Sell Targets

Tomorrow, sell NIITLTD when its price reaches ₹ 217.70 with a stop-loss order at ₹ 221.39. You can set the target price as ₹ 214.01 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of NIITLTD for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for NIITLTD

Downside Targets Value in ₹
Tomorrow Down Target 1 222
Tomorrow Down Target 2 226
Tomorrow Down Target 3 231

Important Levels for NIITLTD

Holding Levels Value in ₹
Tomorrow Up Target 1 213
Tomorrow Up Target 2 209
Tomorrow Up Target 3 204
Based on where the stock opens tomorrow, if NIITLTD opens on a positive note, our first target will be ₹222. If Target 1 is achieved, we will aim for Target 2 which is ₹226.

But if NIITLTD falls below the average value of ₹217.50, you can enter a sell side position with target number 1 - ₹213 and second target - ₹209 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of NIITLTD

Looking at NIITLTD, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, NIITLTD has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for NIITLTD is moderate bearish.

Tomorrow's Volume based share price Forecast for NIITLTD

NIITLTD's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -41%.

Reversal detection for NIITLTD

Predicted trend chart of NIITLTD tomorrow for price forecast
NIITLTD may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹221 in morning tomorrow
Target 1 tomorrow221
Target 2 tomorrow223
Target 3 tomorrow226
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with NIITLTD's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if NIITLTD opens on a positive note, our first target will be ₹221.99. If Target 1 is achieved, we will aim for Target 2 which is ₹226.29.

But if NIITLTD falls below the average value of ₹217.50, you can enter a sell side position with target number 1 - ₹213.20 and second target - ₹208.71

NIITLTD's Weekly Targets
1st Up Target 230.00
2nd Up Target 242.30
1st Down Target 209.20
2nd Down Target 200.70

As the week for NIITLTD ended on bearish sentiments, we can expect further continuation of this sentiment. NIITLTD's initial target will be 230.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 209.20 in the upcoming week.

Weekly OHLC Values
Open 223.15
High 233.80
Low 213.00
Close 217.70

Week for NIITLTD started with an open price of 223.15, and the close was at 217.70. NIITLTD reached the highest of 233.80 and dipped lowest up to 213.00 last week. This indicates a bearish sentiment for the week.

NIITLTD full month swing targets
Monthly Up Target 1 250.80
Monthly Up Target 2 263.10
Monthly Down Target 1 188.40
Monthly Down Target 2 159.10

Targets of ₹250.80 can be expected to be reached in the coming month. Once NIITLTD achieved this target, we can aim for the next upside target of ₹263.10.

NIITLTD if fails to hold upside, down targets of ₹188.40 and ₹159.10 can be achieved by end of this month.

For complete three weeks if NIITLTD is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

NIITLTD is expected to reach the target of 221.99 in tomorrow's trading session.

After achieving the initial target in NIITLTD, we will aim for higher targets of 226.29 tomorrow.

However, if NIITLTD starts to trade below ₹217.50, then we will shift our focus to the sell side and aim for down targets of 213.20 and 208.71.