NTPC - LongNTPC CMP - 98
Buy Range 95 - 97 / Stop Loss 94.50
Range breakout and looking bullish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets.
Target 1 - 99
Target 2 - 100
Target 3 - 101 / 103
Disclaimer: This is my view and for educational purpose only.
NTPC trade ideas
NTPC - A Decade of Boxing in the RangeNTPC - On the face of it looks this has done nothing much. But a closer look reveals, catching near the identified supports and sell off at the resistance. It will take time, but a 20% returns is more or less within grasp within few months.
DISC: Not a SEBI Registered. I post charts for my own study.
NTPC- CMP 100.45 - Cup and handle patternNTPC-CMP 100.45 - Cup and handle pattern. It can go up to 109, 115, 121, 125 with a closing SL below 93.45. This is for educational purpose and any investment shall be done after consulting financial expert.
Similar pattern has been noticed in case of Vodafone idea case around a month ago when it was at 10.05 and now it is 13.8 almost 38% rise in one month and it met all its targets and exceeded even.
NTPC CMP100.15NTPC- CMP 100.15 . Cup and handle pattern is in formation. But it has got minor resistance at 101.6 f it crosses with good volumes then it can reach to the targets of 116.35 as per cup and handle pattern and 123.5 subsequently in longer time frame. SL can be 97 on CLBS and 94 on intraday basis. This is for educational purpose and if any trade is done it shall be done with advice of financial expert.