NIIT Technologies is in a wide range: Deepak Mohoni
"NIIT Tech has a fairly wide range. This is between Rs 170 downside 210 on the upside and as you can see we are somewhere in the middle of it."
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| Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about NIIT Technologies.
How the charts looking like for NIIT Tech?
There is a common theme in all these stocks, these technology stocks that they are running sideways for the last three or four months and these ranges may be quite large but they are pretty much hitting both ends of the range or settling in the middle of that range.
NIIT Tech has a fairly wide range. This is between Rs 170 downside 210 on the upside and as you can see we are somewhere in the middle of it, so not really trending either way. You get these occasional 2%-3% moves up or down but tendency is to stay around here. If you look at NIIT Tech last four months it has crossed Rs190 up and down at least about 10 or 11 times that gives you an idea where the stock is.
How the charts looking like for NIIT Tech?
There is a common theme in all these stocks, these technology stocks that they are running sideways for the last three or four months and these ranges may be quite large but they are pretty much hitting both ends of the range or settling in the middle of that range.
NIIT Tech has a fairly wide range. This is between Rs 170 downside 210 on the upside and as you can see we are somewhere in the middle of it, so not really trending either way. You get these occasional 2%-3% moves up or down but tendency is to stay around here. If you look at NIIT Tech last four months it has crossed Rs190 up and down at least about 10 or 11 times that gives you an idea where the stock is.
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