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

NIIT LEARNING SYSTEMS LTD

Symbol: NSE:NIITMTS

ISIN: N/A

500.35

As on 2024-04-12

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

NIITMTS's Today's Performance

NIIT LEARNING SYSTEMS LTD started the day by opening at 507.95 today 2024-04-12. Its shares reached a high of 507.95 and dipped to a low of 498.00 in intraday. When the markets closed, NIITMTS’s stock price settled at ₹500.35 per share. Also check out its key support and resistance levels.

NIITMTS Buy/Sell Targets

Tomorrow, sell NIITMTS when its price reaches ₹ 500.35 with a stop-loss order at ₹ 506.85. You can set the target price as ₹ 493.85 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 support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for NIITMTS

Resistance Levels Value in ₹
Tomorrow Resistance 1 506
Tomorrow Resistance 2 512
Tomorrow Resistance 3 516

Important Supports for NIITMTS

Support Levels Value in ₹
Tomorrow Support 1 496
Tomorrow Support 2 492
Tomorrow Support 3 486
Based on where the stock opens tomorrow, if NIITMTS opens on a positive note, our first target will be ₹506. If Target 1 is achieved, we will aim for Target 2 which is ₹512.

But if NIITMTS falls below the average value of ₹502.10, you can enter a sell side position with target number 1 - ₹496 and second target - ₹492 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 Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for NIITMTS

NIITMTS'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 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 ₹506 in morning tomorrow
Target 1 tomorrow506
Target 2 tomorrow508
Target 3 tomorrow512
 

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 ₹506.20. If Target 1 is achieved, we will aim for Target 2 which is ₹512.05.

But if NIITMTS falls below the average value of ₹502.10, you can enter a sell side position with target number 1 - ₹496.25 and second target - ₹492.15

NIITMTS's Weekly Targets
1st Up Target 519.57
2nd Up Target 538.78
1st Down Target 489.57
2nd Down Target 478.78

As the week for NIITMTS ended on bearish sentiments, we can expect further continuation of this sentiment. NIITMTS's initial target will be 519.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 489.57 in the upcoming week.

Weekly OHLC Values
Open 520.00
High 528.00
Low 498.00
Close 500.35

Week for NIITMTS started with an open price of 520.00, and the close was at 500.35. NIITMTS reached the highest of 528.00 and dipped lowest up to 498.00 last week. This indicates a bearish sentiment for the week.

NIITMTS full month swing targets
Monthly Up Target 1 549.57
Monthly Up Target 2 568.78
Monthly Down Target 1 459.57
Monthly Down Target 2 418.78

Targets of ₹549.57 can be expected to be reached in the coming month. Once NIITMTS achieved this target, we can aim for the next upside target of ₹568.78.

NIITMTS if fails to hold upside, down targets of ₹459.57 and ₹418.78 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 506.20 in tomorrow's trading session.

After achieving the initial target in NIITMTS, we will aim for higher targets of 512.05 tomorrow.

However, if NIITMTS starts to trade below ₹502.10, then we will shift our focus to the sell side and aim for down targets of 496.25 and 492.15.