NTPC Daily Trend AnalysisNTPC Ltd has broken out of a 24-bar range, formed a new higher low, and closed above the range today.
This breakout signals a potential bullish trend over the next 7 trading sessions, with an initial target of ₹355. If the price sustains above ₹355, it may advance toward the next key resistance level at ₹371.
This is my personal view and not a buy or sell recommendation. Traders are encouraged to perform their own technical analysis before taking any trading decisions.
Ntpclevels
NTPC One can make an entry in NTPC after breakout from cup and handle pattern.
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DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
NTPC Breakout or Breakdown Risk Reward 1 to 3 Trades
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. Since only I know why these work (while others may not), only I have the conviction to trade them in real market. So kindly treat them as educational trades only.
Happy Trading!
NTPC-- Channel Breakdown Range??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.