NTPC trade ideas
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
