NTPC trade ideas
NTPC CMP100.15NTPC- CMP 100.15 . Cup and handle pattern is in formation. But it has got minor resistance at 101.6 f it crosses with good volumes then it can reach to the targets of 116.35 as per cup and handle pattern and 123.5 subsequently in longer time frame. SL can be 97 on CLBS and 94 on intraday basis. This is for educational purpose and if any trade is done it shall be done with advice of financial expert.
Ntpc { 15 Short triggered }Short as mentioned, rest is as per chart
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
SHORT SELL OPPORTUNITY IN NTPCReasons-
1) PSU (lol)
2) Weekly trend is down.
3) Rejection from historic resistance.
4) Noob traders buy cheap stocks not knowing it's a falling knife.
5) Small stop with bigger profit targets.
Kindly trade at your own risk.
Good Luck ^_^
price action strategysee all my publications if it seems to give you both knowledge and profit then only like, subscribe and refer to your near and dear.
Note : Observe this in daily candle
This is only for educational purpose, please consult financial adviser before investing the hard earned money.
Thanks for my masters day trader telugu, trading panthulu and nayan pokarkar.
NTPC all targets done in styleNTPC breakout near 94 and hit all targets done in style.. gave near 14% returns in 16 days.. updating late
NTPC CMP 98.55NTPC CMP 98.55, Can go to 107 and 114 by Jan 21 with a sl of 92. It is purely for educational purpose and consult your financial adviser for any investment decision.
NTPC- CMP 102.4 - UpdateNTPC CMP-102.4, Channel breakout. On last working day it made huge volumes of around 2.5 times previous volumes with a price rise of 5% and OI rise of around 2%. MACD and RSI are also indicating positive. Option chain indicates good support at 100 as calls are cut and puts are added till 100 significantly and also reduction in calls are happening at 105 also. It can go up to 107, 116.8 in near term with a SL of 96. It is purely educational purpose and any investment made shall be after consultation with financial advisers.
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 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.
