Price and trend forecast of NIITLTD for Tomorrow, Weekly, Monthly
NIIT Limited
Symbol: NSE:NIITLTD
ISIN: INE161A01038
127.59
As on 2024-07-26
NIITLTD's Today's Performance
NIIT Limited started the day by opening at 120.60 today 2024-07-26. Its shares reached a high of 129.00 and dipped to a low of 119.50 in intraday. When the markets closed, NIITLTD’s stock price settled at ₹127.59 per share. Also check out its key support and resistance levels.
NIITLTD Buy/Sell Targets
Tomorrow, buy NIITLTD when its price reaches ₹ 127.59 with a stop-loss order at ₹ 124.16. You can set the target price as ₹ 131.02 to capture potential gains. This buy 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 | 131 |
| Tomorrow Down Target 2 | 135 |
| Tomorrow Down Target 3 | 141 |
Important Levels for NIITLTD
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 122 |
| Tomorrow Up Target 2 | 116 |
| Tomorrow Up Target 3 | 112 |
Based on where the stock opens tomorrow, if NIITLTD opens on a positive note, our first target will be ₹131. If Target 1 is achieved, we will aim for Target 2 which is ₹135.
But if NIITLTD falls below the average value of ₹125.36, you can enter a sell side position with target number 1 - ₹122 and second target - ₹116 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 Increasing 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 Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for NIITLTD is moderate bullish.
Tomorrow's Volume based share price Forecast for NIITLTD
NIITLTD's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -41%.
Reversal detection for NIITLTD
NIITLTD may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹121 in morning tomorrow
| Target 1 tomorrow | 129 |
| Target 2 tomorrow | 131 |
| Target 3 tomorrow | 135 |
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 ₹131.23. If Target 1 is achieved, we will aim for Target 2 which is ₹134.86.
But if NIITLTD falls below the average value of ₹125.36, you can enter a sell side position with target number 1 - ₹121.73 and second target - ₹115.86
NIITLTD's Weekly Targets
| 1st Up Target | 135.66 |
| 2nd Up Target | 143.73 |
| 1st Down Target | 113.76 |
| 2nd Down Target | 99.93 |
As the week for NIITLTD ended on bullish sentiments, we can expect further continuation of this sentiment. NIITLTD's initial target will be 135.66 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 113.76 in the upcoming week.
Weekly OHLC Values
| Open | 109.90 |
| High | 129.90 |
| Low | 108.00 |
| Close | 127.59 |
Week for NIITLTD started with an open price of 109.90, and the close was at 127.59. NIITLTD reached the highest of 129.90 and dipped lowest up to 108.00 last week. This indicates a bullish sentiment for the week.
NIITLTD full month swing targets
| Monthly Up Target 1 | 157.56 |
| Monthly Up Target 2 | 165.63 |
| Monthly Down Target 1 | 91.86 |
| Monthly Down Target 2 | 56.13 |
Targets of ₹157.56 can be expected to be reached in the coming month. Once NIITLTD achieved this target, we can aim for the next upside target of ₹165.63.
NIITLTD if fails to hold upside, down targets of ₹91.86 and ₹56.13 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.
Related Stocks in the Same Sector as NIITLTD
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
NIITLTD is expected to reach the target of 131.23 in tomorrow's trading session.
After achieving the initial target in NIITLTD, we will aim for higher targets of 134.86 tomorrow.
However, if NIITLTD starts to trade below ₹125.36, then we will shift our focus to the sell side and aim for down targets of 121.73 and 115.86.