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

NIIT LEARNING SYSTEMS LTD

Symbol: NSE:NIITMTS

ISIN: N/A

467.10

As on 2024-07-24

342.30 (52W Low) 576.90 (52W High)

NIITMTS's Today's Performance

NIIT LEARNING SYSTEMS LTD started the day by opening at 471.30 today 2024-07-24. Its shares reached a high of 475.10 and dipped to a low of 464.55 in intraday. When the markets closed, NIITMTS’s stock price settled at ₹467.10 per share. Also check out its key support and resistance levels.

NIITMTS Buy/Sell Targets

Tomorrow, sell NIITMTS when its price reaches ₹ 467.10 with a stop-loss order at ₹ 473.33. You can set the target price as ₹ 460.87 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 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 1 473
Tomorrow Down Target 2 479
Tomorrow Down Target 3 484

Important Levels for NIITMTS

Holding Levels Value in ₹
Tomorrow Up Target 1 463
Tomorrow Up Target 2 458
Tomorrow Up Target 3 452
Based on where the stock opens tomorrow, if NIITMTS opens on a positive note, our first target will be ₹473. If Target 1 is achieved, we will aim for Target 2 which is ₹479.

But if NIITMTS falls below the average value of ₹468.92, you can enter a sell side position with target number 1 - ₹463 and second target - ₹458 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

Predicted trend chart of NIITMTS tomorrow for price forecast
NIITMTS may trend may continue to be bearish since stock is making lower low and we can get target of ₹467 in morning tomorrow
Target 1 tomorrow473
Target 2 tomorrow475
Target 3 tomorrow479
 

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 ₹473.28. If Target 1 is achieved, we will aim for Target 2 which is ₹479.47.

But if NIITMTS falls below the average value of ₹468.92, you can enter a sell side position with target number 1 - ₹462.73 and second target - ₹458.37

NIITMTS's Weekly Targets
1st Up Target 475.20
2nd Up Target 483.30
1st Down Target 458.90
2nd Down Target 450.70

As the week for NIITMTS ended on bullish sentiments, we can expect further continuation of this sentiment. NIITMTS's initial target will be 475.20 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 458.90 in the upcoming week.

Weekly OHLC Values
Open 465.00
High 475.10
Low 458.80
Close 467.10

Week for NIITMTS started with an open price of 465.00, and the close was at 467.10. NIITMTS reached the highest of 475.10 and dipped lowest up to 458.80 last week. This indicates a bullish sentiment for the week.

NIITMTS full month swing targets
Monthly Up Target 1 491.50
Monthly Up Target 2 499.60
Monthly Down Target 1 442.60
Monthly Down Target 2 418.10

Targets of ₹491.50 can be expected to be reached in the coming month. Once NIITMTS achieved this target, we can aim for the next upside target of ₹499.60.

NIITMTS if fails to hold upside, down targets of ₹442.60 and ₹418.10 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.

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Summary

NIITMTS is expected to reach the target of 473.28 in tomorrow's trading session.

After achieving the initial target in NIITMTS, we will aim for higher targets of 479.47 tomorrow.

However, if NIITMTS starts to trade below ₹468.92, then we will shift our focus to the sell side and aim for down targets of 462.73 and 458.37.