NTPC trade ideas
NTPC ::: BULLISH :::DATE: 13 JAN 2022
INSTRUMENT: NTPC
TREND: BUY
TYPE: POSITIONAL.
TIME FRAME: DAY
CMP: 134.95
BUY ABOVE: 137
STOP LOSS: 133
TGT 01: 146
RISK DISCLOSURE:
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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.