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Note : Observe this in daily candle
This is only for educational purpose, please consult financial adviser before investing the hard earned money.
Thanks for my masters day trader telugu, trading panthulu and nayan pokarkar.
NTPC trade ideas
NTPC- CMP 102.4 - UpdateNTPC 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 can go up to 107, 116.8 in near term with a SL of 96. It is purely educational purpose and any investment made shall be after consultation with financial advisers.
NTPC on verge of break outNTPC 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 SHORTit has formed a head and shoulders pattern on 15min timeframe, rejecting the above resistance around 90, can look for shorting opportunity around its neckline which is at 87.40, or can short around level of 87 from where there is a gap stretching till 86 which can be filled out if it shows bearish signal and follows the pattern