NSE:NTPC
NTPC (National Thermal Power Corporation) Ltd and its affiliated companies are mainly responsible for producing and distributing large amounts of electricity to state power utilities. The group also offers consultation, project management and supervision, energy trading, and exploration of oil and gas as well as coal mining.
The company's power plants...
In this approach, Once Breakout or Breakdown levels are breached, we initiate Long or Short positions accordingly with Proper stop loss as mentioned in the chart. Since the Risk Reward is 1:3, we can take a maximum of 3 trades.
If we follow this approach, over the long run, money is gained.
A trader is advised not to treat these setups as lottery tickets....
observations::
After a strong fall from 178 range price is slowly approching the supply area....
slowly moving upwards in a channel.
we have a demand zone @ 169-170 range...
we have Resistance @180 range as well...
if suddenly price is breaks the supply area.. look for sell @180 range.
keep track this levels.
