NIIT Ltd

[Mehnazfatima]

@Mehnazfatima

Another fundamentally good stock in which I have started building up position is NIIT ltd…with huge demand for reskilling of software professionals, NIIT may do well in the future…even the last quarterly results were good…and if we apply the Bollinger bands to monthly charts, then it appears that the stock may start trending up in the next few months…as of now, the stock is under band contraction…but the momentum indicator has already turned up, thus the probability of stock going in an uptrend is quite good…

But since we are dealing with monthly charts, it may take a few months for the positive price action to play out…thus as of now, this stock is only for proponents of slow investing only

Have a look at the NIIT chart…appears to be the beginning of uptrend