overall uptrend but shot term targett 95 then upweak in short term, might touch 95 and then again will test 100 and if able to cross then up up
NTPC trade ideas
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 looks good for short termNTPC formed cup and handle pattern.. looks good for short term.. safe can buy above 97.. keep sl as per ur setup
NTPC ( DAILY ) - Elliot Wave AnalysisNTPC ( DAILY ) - Elliot Wave Analysis
Buy above 93.6
Target 103
SL 88
REASONING
Wave 1 :- 78.10 ( 14th Oct '20) till 93.6 ( 11th Nov '20)
Wave 2 :- 93.6 till 88 ( 19th Nov '20 )
Wave 3 target = 88 + 15.5
= 103.5
OSC 5,35 > 0
Wave 3 in occurrence
NTPC Inverse Head and ShouldersAn inverse Head and Shoulder already formed in NTPC and now its consolidating which is usually a good sign, do keep this stock in your watchlist .
NTPC ( SWINGTRADE)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 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
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NTPC Ltd.
CMP: 86.25
Target: 95
SL: 80
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[EMA RETEST] NTPC SHORT RISKYema being retested but not broken
shorting 84CE @ 1.3
buying 85CE @ 1.1
NTPC seems to getting Accumulated by stronger hands.Stocks has been in downtrend and slowly being accumulated. Operators (Stronger hands) are trying to trigger panic and take out retailers. Stocks should be bought with SL of close below 72 for long term to Mid term holding.
NTPC (Will the stock finally give up on going up ?)NTPC has been forming a triangle more of its been respecting 2 trend lines as shown in the chart. Any breach of the same should give a good momentum move.
Prices have been testing a very crucial zone and a continuous weak momentum can be bad for the stock. However any breach to the upside from a consolidation at such a level can take the price to higher levels. We have seen how over the previous day it has made a very compact channel. People looking to trade intraday can look to trade the breach of the same as well.
We need to keep in mind that volatility has been growing in for a while now and movements can be wild. As of today morning there was news of Donald Trump and the First Lady being tested positive for Corona Virus which caused the US Futures to tumble upto 1.5% and SGX Nifty followed suit. With fast approaching US election Volatility is not going to be subdued and is going to constantly cause wild movements.
I would suggest having strict stop loss and avoiding carry forward of positions without a hedge as it can wash out a traders capital in a day.
Trade with Caution.
NTPC Long Days Candle.Hi Traders,
From the kind of support am getting from my recent publishes, am guessing u want more short term analysis.
It seems price would honor the trendline in One days chart, and we have a key level at 88. So price can continue upwards after testing the trendline or the key level at 102.70. We suggest a buy entry only if you get price structure in the one days timeframe.
Hoping this was useful. For queries pls feel free to comment.
Happy Trading
NTPC keep a watchNTPC can go up, wait for BO and restest and enter with good R:R.
** Eductional purpose only **
This is my personal view, please do ur own research before taking any investment decision.
This view is negated if breaks the lower support.
Go Long NTPCNSE:NTPC
Simple analysis for NTPC on daily chart
1. Price crossing resistance indicated by the black line as well as the 200 day moving average indicate by the blue line
2, Volume above 20 moving average
3. RSI above 60 indicating good momentum
4. Big green candles
5. Minimum target indicated by the black line and fibonacci extension ration 1.618 i.e Rs. 115 if the upside continues (which is likely to continue because of the price breaking 200 days moving average as well as resistance.
Stop loss can be 200 days moving average.
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