NTPC Demand Zone
NTPC coming under a demand zone while matching with Nifty 50 suggests a potential buying opportunity, but it’s essential to analyze key factors before making a trading decision.
How to Validate NTPC's Demand Zone with Nifty 50?
✅ 1. Identify NTPC's Demand Zone
Look for strong support levels where price previously bounced.
Ensure high volume confirmation in the demand zone.
✅ 2. Compare with Nifty 50 Movement
If Nifty 50 is also in a demand zone, NTPC may follow the broader trend.
✅ 3. Confirmation with Price Action
Look for inside bars or reversal candlestick patterns in NTPC.
Check higher timeframes (weekly/monthly) for strong support levels.
If NTPC shows strength while Nifty is stable or rising, it adds confidence to the trade.
Would you like a deeper technical analysis on NTPC's current levels? 🚀
How to Validate NTPC's Demand Zone with Nifty 50?
✅ 1. Identify NTPC's Demand Zone
Look for strong support levels where price previously bounced.
Ensure high volume confirmation in the demand zone.
✅ 2. Compare with Nifty 50 Movement
If Nifty 50 is also in a demand zone, NTPC may follow the broader trend.
✅ 3. Confirmation with Price Action
Look for inside bars or reversal candlestick patterns in NTPC.
Check higher timeframes (weekly/monthly) for strong support levels.
If NTPC shows strength while Nifty is stable or rising, it adds confidence to the trade.
Would you like a deeper technical analysis on NTPC's current levels? 🚀
Checkout -> t.me/+RxMJZ-xOGy02MjBl
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Checkout -> t.me/+RxMJZ-xOGy02MjBl
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.