NIIT - One hour narrow range

Stock Name - NIIT

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges.

Technicals - On two hours chart, the stock is trading in narrow ranges and forming a descending triangle.. There are good chances that the stock will move upward for the 1st target of 380..

Safe traders can wait up to 346 to add..

SL can be kept at 340.