Long
NIIT Tech: Gearing up For A Nice Rally
Notice how the sequence of lower highs and lower lows was halted and price flipped around since September lows. Am watching this stock for a breakout above 450 to add more to my holding.
Note
Word of Caution: Have a look at the updated chart of the stock. 
Notice the spike in volume on Friday. The spike in volume is occurring right at the prior zone where a similar green candle with volume spike happened few weeks ago. Price then correction about 10% from the highs.
The inability to cross the recent highs, despite the volume spike, makes me slightly cautious / worried. A red candle on Monday (Oct.17) would mean that the stock is still not attracting big buying interest.
Better to wait for the price to clear the green line at 452+ before considering big ticket long positions.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.