NIIT Tech is a buy: Hemant Kale, Maia Financial Services Pvt
The longer term averages are definitely facing upwards.
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| Hemant Kale, MD, Maia Financial Services Pvt, in a chat with ET Now talks about NIIT Tech.
What is your view on NIIT Tech?
NIIT Tech actually has given a breakout yesterday and is still moving up today. If you look at the longer averages and the medium term averages, the longer term averages are definitely facing upwards and are very well separated. That tells me that there is lot of investor confidence in this stock. Even the intermediate average, the 30, 45 and 60 are getting out of compression. That tells me that there is lot of renewed interest by position traders. So it should be a buy at current prices keeping a target of around 250 levels and about a stop loss of 192 levels.
What is your view on NIIT Tech?
NIIT Tech actually has given a breakout yesterday and is still moving up today. If you look at the longer averages and the medium term averages, the longer term averages are definitely facing upwards and are very well separated. That tells me that there is lot of investor confidence in this stock. Even the intermediate average, the 30, 45 and 60 are getting out of compression. That tells me that there is lot of renewed interest by position traders. So it should be a buy at current prices keeping a target of around 250 levels and about a stop loss of 192 levels.
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