NIIT after a long time rallied in last 12 months from levels of 15 to levels of 65. On the way up in 2014, it always found support at 100 day moving average.
Here's the Daily Chart
NIIT stock has come down in last few months from highs of 65 down to 40 i.e. 50% retracement of the entire upmove. Does this pullback to 100 dma and 50% retracement buying opportunity? Well Technically yes. The stop loss should be placed below 39.5
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