Price and trend forecast of NIITMTS for Tomorrow, Weekly, Monthly
NIIT LEARNING SYSTEMS LTD
Symbol: NSE:NIITMTS
ISIN: INE342G01023
496.45
As on 2024-12-06
NIITMTS's Today's Performance
NIIT LEARNING SYSTEMS LTD started the day by opening at 485.00 today 2024-12-06. Its shares reached a high of 498.90 and dipped to a low of 483.00 in intraday. When the markets closed, NIITMTS’s stock price settled at ₹496.45 per share. Also check out its key support and resistance levels.
NIITMTS Buy/Sell Targets
Tomorrow, buy NIITMTS when its price reaches ₹ 496.45 with a stop-loss order at ₹ 487.23. You can set the target price as ₹ 505.68 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 NIITMTS 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 NIITMTS
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 503 |
| Tomorrow Down Target 2 | 509 |
| Tomorrow Down Target 3 | 518 |
Important Levels for NIITMTS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 487 |
| Tomorrow Up Target 2 | 477 |
| Tomorrow Up Target 3 | 471 |
Based on where the stock opens tomorrow, if NIITMTS opens on a positive note, our first target will be ₹503. If Target 1 is achieved, we will aim for Target 2 which is ₹509.
But if NIITMTS falls below the average value of ₹492.78, you can enter a sell side position with target number 1 - ₹487 and second target - ₹477 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 NIITMTS
Looking at NIITMTS, 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, NIITMTS has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for NIITMTS is moderate bullish.
Tomorrow's Volume based share price Forecast for NIITMTS
NIITMTS's Volume is currently in a Decreasing 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 142%.
Reversal detection for NIITMTS
NIITMTS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹489 in morning tomorrow
| Target 1 tomorrow | 499 |
| Target 2 tomorrow | 503 |
| Target 3 tomorrow | 509 |
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 NIITMTS'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 NIITMTS opens on a positive note, our first target will be ₹502.57. If Target 1 is achieved, we will aim for Target 2 which is ₹508.68.
But if NIITMTS falls below the average value of ₹492.78, you can enter a sell side position with target number 1 - ₹486.67 and second target - ₹476.88
NIITMTS's Weekly Targets
| 1st Up Target | 515.43 |
| 2nd Up Target | 534.42 |
| 1st Down Target | 464.23 |
| 2nd Down Target | 432.02 |
As the week for NIITMTS ended on bullish sentiments, we can expect further continuation of this sentiment. NIITMTS's initial target will be 515.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 464.23 in the upcoming week.
Weekly OHLC Values
| Open | 470.00 |
| High | 502.20 |
| Low | 451.00 |
| Close | 496.45 |
Week for NIITMTS started with an open price of 470.00, and the close was at 496.45. NIITMTS reached the highest of 502.20 and dipped lowest up to 451.00 last week. This indicates a bullish sentiment for the week.
NIITMTS full month swing targets
| Monthly Up Target 1 | 566.63 |
| Monthly Up Target 2 | 585.62 |
| Monthly Down Target 1 | 413.03 |
| Monthly Down Target 2 | 329.62 |
Targets of ₹566.63 can be expected to be reached in the coming month. Once NIITMTS achieved this target, we can aim for the next upside target of ₹585.62.
NIITMTS if fails to hold upside, down targets of ₹413.03 and ₹329.62 can be achieved by end of this month.
For complete three weeks if NIITMTS 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 NIITMTS
| 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
NIITMTS is expected to reach the target of 502.57 in tomorrow's trading session.
After achieving the initial target in NIITMTS, we will aim for higher targets of 508.68 tomorrow.
However, if NIITMTS starts to trade below ₹492.78, then we will shift our focus to the sell side and aim for down targets of 486.67 and 476.88.