@NTPC BUY SETUP -AT 167 -27/7/2017DAILY FINANCIAL WISDOM: Amateur traders focus on rewards. Professional traders focus on risk..
(All signals for member educational purposes only).
NTPC trade ideas
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NSE: NTPC H & S pattern.
Possible continuation of down trend to 130s if no support found around 160s.
Near term: Short Trade is preferred.
NTPC Confirmed Bearish Pin-Bar CandlesticksThe Pin Bar Candlesticks formation indicates change in trend. If it is found near important resistance level then it signals selling pressure and rejection of prices on high level as indicated the above chart.
Therefore, it is an important formation to measure market sentiments and as per above chart it indicates high selling pressure or profit taking signals short.
NTPC - Energy Up (Intraday Buy Call)I believe it will continue its prevailing bullish trend. It will retest the 154 levels and might break through those levels to aim for 160 in few days.
Target: 154.66 SL: 150.34
Risk/Reward: 1:3
NTPC in Bearish Butterfly Pattern (SELL)Weakness in buying due to following points:
1. Formation of Bearish Butterfly Pattern at 1.272, creating a high where most profit taking takes place
2. RSI divergence, weakness in trend and buying
3. Touching previous structure support now acting as resistance.
RISK & REWARD: 1:3
