NIITMTS Technical View – Breakout Signals Bullish ReversalNIIT Learning Systems LtdNSE:NIITMTSs_ArunkumarTechnical View: NIITMTS (NIIT Learning Systems Ltd.) Trend Overview •The stock had been in a prolonged downtrend since early 2025, consistently forming Lower Highs (LH) and Lower Lows (LL) inside a descending channel. •Recently, the stock has broken out of this descending channel — a strong bullish reversal signal. •The breakout is supported by increasing volume, adding credibility to the move. Price Action •Current Price: ₹339.10 •Today’s Move: +₹10.80 (+3.29%) •The stock broke out above previous resistance near ₹330–₹335, which had capped price action for several weeks. •Consolidation Phase: Between ₹305–₹335 — the price successfully built a base before the breakout. •Next Resistance Levels: o₹350 – minor resistance (psychological & short-term) o₹370 – previous swing high and major breakout confirmation level •Support Zones: oImmediate: ₹325 (near EMA & breakout retest zone) oStrong: ₹305 (bottom of the consolidation phase) Indicators EMA (9, close) •EMA: ₹327.86 •Price is sustaining above EMA — indicating short-term bullish momentum. •EMA slope has turned upward, confirming trend reversal initiation. RSI (14) •RSI = 62.09 — momentum shifting from neutral to bullish. •The RSI has broken above 60 after months of sideways action — an early sign of strength regeneration. •As long as RSI stays above 55, positive momentum is likely to continue. Volume Analysis •Volume: 200K vs average 129K — a volume spike confirming active participation in the breakout. •This volume behavior aligns with a valid breakout scenario after long accumulation. Pattern Observation •The chart depicts a Descending Channel Breakout — a bullish reversal pattern. •The price also cleared horizontal resistance around ₹330, confirming a double breakout (trendline + price barrier). •The consolidation phase prior to the breakout strengthens the reliability of this move. •A sustained close above ₹340 could lead to trend reversal confirmation and trigger a move toward ₹360–₹380 levels. Targets & Support •Target 1: ₹350 •Target 2: ₹370–₹380 •Support 1: ₹325 •Support 2: ₹305 •Stop Loss: ₹320 (closing basis) Disclaimer This analysis is for educational purposes only and not a buy/sell recommendation. Please conduct your own analysis or consult a financial advisor before investing.