NTPC/USD
Information:
National Thermal Power Corporation Limited is the largest power utility in India, both in terms of size and efficiency.
The statutory corporation has done new investments in renewable energy sources on the Indian market.
Signals:
Position: Long
Entry price: Limit order at 1,60 USD.
There could also be an argument made about placing a market order at 1,65 USD, depending on the following indicators.
Stop Loss: 1,55 USD
Target price: 2,0 USD
%: 2,0/1,65 = 25% increase
Indicators:
Bollinger Bands: The squeeze of the Bollinger Bands happened two days ago on the 14h of September, from where the Bollinger bands were expanding, and a period of higher volatility started to happen.
MACD: The MACD indicator indicates a bullish movement. The MACD line crossed the signal line on the 31st of August and once again on the 13th of September and the indicators indicate that the uptrend might be continuing which is identified by the histogram is spreading further apart from each other.
RSI: The RSI line is at 62.97 which indicates that the stock is on an upwards trend, and that the stock is slightly overbought.
Conclusion/Analysis:
This uptrend began on the 31st of August but within the volatility lines explained by the Bollinger Bands but on the 14h of September does the volatility increase and might show an accumulating market. The analysis also shows that both the MACD line and the RSI are showing bullish momentum as well as the stock being in this high volatility time period indicates that the stock has momentum going forward meeting the demand of the Indian population (1,366 Billion) as well as their recent expansion in renewable energy. What also is notable is that the stock is slightly overbought and that the stock price would fall down towards the limit order of 1.60 USD.
Information:
National Thermal Power Corporation Limited is the largest power utility in India, both in terms of size and efficiency.
The statutory corporation has done new investments in renewable energy sources on the Indian market.
Signals:
Position: Long
Entry price: Limit order at 1,60 USD.
There could also be an argument made about placing a market order at 1,65 USD, depending on the following indicators.
Stop Loss: 1,55 USD
Target price: 2,0 USD
%: 2,0/1,65 = 25% increase
Indicators:
Bollinger Bands: The squeeze of the Bollinger Bands happened two days ago on the 14h of September, from where the Bollinger bands were expanding, and a period of higher volatility started to happen.
MACD: The MACD indicator indicates a bullish movement. The MACD line crossed the signal line on the 31st of August and once again on the 13th of September and the indicators indicate that the uptrend might be continuing which is identified by the histogram is spreading further apart from each other.
RSI: The RSI line is at 62.97 which indicates that the stock is on an upwards trend, and that the stock is slightly overbought.
Conclusion/Analysis:
This uptrend began on the 31st of August but within the volatility lines explained by the Bollinger Bands but on the 14h of September does the volatility increase and might show an accumulating market. The analysis also shows that both the MACD line and the RSI are showing bullish momentum as well as the stock being in this high volatility time period indicates that the stock has momentum going forward meeting the demand of the Indian population (1,366 Billion) as well as their recent expansion in renewable energy. What also is notable is that the stock is slightly overbought and that the stock price would fall down towards the limit order of 1.60 USD.
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