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NTPC - Complete Technical AnalysisHi Traders, This stock will provide some buying opportunities in coming days. As we breakdown the chart, the price has broken through the weekly inner trendline in confluence with the break of SMA 50. This is a good indication that price will test the outer trendline . The weekly chart formed a double bottom pattern and broke above the neckline, that's another reason to buy this stock. A thing of concern about this stock is that we have a golden zone between 109.50 - 118.00 level, where price can move in a range before testing the outer trendline . We should expect some drawdown as price can retest the broken levels. we have strong support at the neckline of double bottom and at the inner trendline . A break above 130.40 levels marks the end of a 2 year long downtrend, and we will have a bullish outlook on this stock for at least a year and half. For this kind of complete technical analysis msg me the stocks that u would like to have complete technical analysis . Pls Like and follow . Happy Trading.....
NSE:NTPC
by Hari_krishnan_S_Kumar
5
NTPC ::: BREAKOUTDATE: 20 AUG 2020 INSTRUMENT: NTPC INDICATORS: DAY PSAR: BULLISH STOCHASTICS: BULLISH 200 DMA: 101.60 INDICATORS: WEEK PSAR: BULLISH STOCHASTICS: BULLISH INDICATORS: MONTH PSAR: BULLISH STOCHASTICS: BULLISH CMP: 101.10 BUY: 102.60 TGT . 01: 106.68 TGT . 02: 111.76 RISK DISCLOSURE : Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
NSE:NTPCLong
by ajithchand-bhandaari