#NTPC heading to 110 in next 2-3 sessions. #PlanYourTrades
Let NTPC break the black line and can enter short for a good 2-3 points.
Reasons- 1) PSU (lol) 2) Weekly trend is down. 3) Rejection from historic resistance. 4) Noob traders buy cheap stocks not knowing it's a falling knife. 5) Small stop with bigger profit targets. Kindly trade at your own risk. Good Luck ^_^
NTPC CMP 98.55, Can go to 107 and 114 by Jan 21 with a sl of 92. It is purely for educational purpose and consult your financial adviser for any investment decision.
NTPC CMP-102.4, Channel breakout. On last working day it made huge volumes of around 2.5 times previous volumes with a price rise of 5% and OI rise of around 2%. MACD and RSI are also indicating positive. Option chain indicates good support at 100 as calls are cut and puts are added till 100 significantly and also reduction in calls are happening at 105 also. It...
PRICE ACTION TRANGLE PATTERN BREAKOUT TAKE LONG
NTPC given breakout from daily time frame
NTPC on verge of break out of channel. Volumes in Last trading session are huge along with good future OI build up. It taken support at 9 EMA intraday and went up. Can be bought at support of 9 EMA and can wait for break out, can look for a target of 100 and 108 in near term with a sl of 87.
NTPC formed cup and handle pattern.. looks good for short term.. safe can buy above 97.. keep sl as per ur setup
here we see inverted Head & Shoulder Pattern. by which we estimate that in upcoming trading sessions..... there is the upward move !!! this estimation based on Price Action and Patterns.
#NTPC NTPC Ltd. CMP: 86.25 Target: 95 SL: 80 If u like my work, kindly LIKE SHARE & FOLLOW for latest recommendations.
NTPC head and shoulder formed any time below 80 Rs...
NTPC Weekly/Daily/240 demand 88.25-84.5 pro: 1. Origin of weekly move 2.Weely/daily/240 min co insiding 3. 2 excplodive candle in daily 4. straight drop to the zone, so bounce can be clean and faster con: 1. 4 base so confirmation entry 2.2 Cluster of zone left , so weaker zone
i am a new trader pls some one confirm that my analysis is correct or not 1.its forming an wedge pattern and moving down words 2. it have taken a resistance at 108.15 and start to fall down 3.the wedge patter is supporting both day and week chart time frame 4. And RSI touched 80 over brought zone NSE:NTPC
Hi Traders, From the kind of support am getting from my recent publishes, am guessing u want more short term analysis. Or maybe you dont want this kind of technical analysis and its better to stop what am doing and concentrate more on my trading. So this might be the last post on Indian stocks. We have a bullish bias on this stock because of the breakout we had...
Hi Traders, This stock will provide some buying opportunities in coming days. As we breakdown the chart, the price has broken through the weekly inner trendline in confluence with the break of SMA 50. This is a good indication that price will test the outer trendline . The weekly chart formed a double bottom pattern and broke above the neckline, that's another...