Stock Information Portal

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

NIIT Limited

Symbol: NSE:NIITLTD

ISIN: INE161A01038

105.25

As on 2024-04-19

77.30 (52W Low) 416.85 (52W High)

NIITLTD's Today's Performance

NIIT Limited started the day by opening at 104.75 today 2024-04-19. Its shares reached a high of 106.00 and dipped to a low of 104.25 in intraday. When the markets closed, NIITLTD’s stock price settled at ₹105.25 per share. Also check out its key support and resistance levels.

NIITLTD Buy/Sell Targets

Tomorrow, sell NIITLTD when its price reaches ₹ 105.25 with a stop-loss order at ₹ 106.53. You can set the target price as ₹ 103.98 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 1 106
Tomorrow Down Target 2 107
Tomorrow Down Target 3 108

Important Levels for NIITLTD

Holding Levels Value in ₹
Tomorrow Up Target 1 104
Tomorrow Up Target 2 103
Tomorrow Up Target 3 103
Based on where the stock opens tomorrow, if NIITLTD opens on a positive note, our first target will be ₹106. If Target 1 is achieved, we will aim for Target 2 which is ₹107.

But if NIITLTD falls below the average value of ₹105.17, you can enter a sell side position with target number 1 - ₹104 and second target - ₹103 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 trend may continue to be bearish since stock is making lower low and we can get target of ₹107 in morning tomorrow
Target 1 tomorrow106
Target 2 tomorrow106
Target 3 tomorrow107
 

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 ₹106.08. If Target 1 is achieved, we will aim for Target 2 which is ₹106.92.

But if NIITLTD falls below the average value of ₹105.17, you can enter a sell side position with target number 1 - ₹104.33 and second target - ₹103.42

NIITLTD's Weekly Targets
1st Up Target 108.27
2nd Up Target 111.28
1st Down Target 103.17
2nd Down Target 101.08

As the week for NIITLTD ended on bearish sentiments, we can expect further continuation of this sentiment. NIITLTD's initial target will be 108.27 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 103.17 in the upcoming week.

Weekly OHLC Values
Open 107.00
High 109.20
Low 104.10
Close 105.25

Week for NIITLTD started with an open price of 107.00, and the close was at 105.25. NIITLTD reached the highest of 109.20 and dipped lowest up to 104.10 last week. This indicates a bearish sentiment for the week.

NIITLTD full month swing targets
Monthly Up Target 1 113.37
Monthly Up Target 2 116.38
Monthly Down Target 1 98.07
Monthly Down Target 2 90.88

Targets of ₹113.37 can be expected to be reached in the coming month. Once NIITLTD achieved this target, we can aim for the next upside target of ₹116.38.

NIITLTD if fails to hold upside, down targets of ₹98.07 and ₹90.88 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 106.08 in tomorrow's trading session.

After achieving the initial target in NIITLTD, we will aim for higher targets of 106.92 tomorrow.

However, if NIITLTD starts to trade below ₹105.17, then we will shift our focus to the sell side and aim for down targets of 104.33 and 103.42.