NTPC trade ideas
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.
Ntpc | Long term stock with good dividend historyThis stock is only for long term investors.
Pros:
1 - Government company, which means your money is safe.
2- As we all know that Power has been a boost in last 2-3 years and government is investing good amount of money to generate clean electricity.
3 - Future is EV which means more demand and more sales.
4 - Good dividend payout history
5 - Good Fundamentals
6 - This stock is undervalued as of now. current market price 118 (30 July 2021)
Cons:
1 - As we all know that it's a government company so we cannot except this stock to move at a faster pace.
2 - Increase in debt , but we all know that this sector is highly sensitive and require good amount of investing in order to sustain in the market.
You can start buying from this level and accumulate more if it goes down.
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Hopefully, this helps you out a little bit. Please make your own research before investing.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk.