NTPC trade ideas
Long Trade for NTPC
The stock is now at the Trend line support zone followed from Oct 2020.
Also we can increased volume at the trend line support zone, good time to get into the trade before the next quarterly result on 2nd Feb 2022
Enter Between: 122-125
Stoploss: 117
Target 1: 133
Target 2: 138
Happy Investing.
NTPC ::: BULLISH :::DATE: 13 JAN 2022
INSTRUMENT: NTPC
TREND: BUY
TYPE: POSITIONAL.
TIME FRAME: DAY
CMP: 134.95
BUY ABOVE: 137
STOP LOSS: 133
TGT 01: 146
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
NTPC IS MAKING RISING THREE METHODS The Stock is currently on the way of making a Rising Three Methods Pattern on Monthly Chart, if the Stock Price Closes above 144.2 this month.
It is a Bullish Continuation pattern, can be hold for couple of months if formed.
I am learning, any critics or comments are welcome.
Happy Investing :)
NTPC - Price Action Analysis Yesterday, NSE:NTPC has broken the dynamic Support trendline. It has already been activated Harmonic Butterfly pattern with PRZ level 1.272 at 113.
BUY : If It is continue falling then Buying opportunity will only happen when price holds at 112 to 116 and makes confirmation candle.
SELL : Any gap up to 124 - 126 will create a short opportunity .Confirmation above 128 and breakout candle with high volume momentum help buyers to take a lead for further uptrend.