NTPC trade ideas
NTPC- CMP 100.45 - Cup and handle patternNTPC-CMP 100.45 - Cup and handle pattern. It can go up to 109, 115, 121, 125 with a closing SL below 93.45. This is for educational purpose and any investment shall be done after consulting financial expert.
Similar pattern has been noticed in case of Vodafone idea case around a month ago when it was at 10.05 and now it is 13.8 almost 38% rise in one month and it met all its targets and exceeded even.
NTPC LongNTPC took support from 97 range (blue line), marching towards 108(first target)
Orange lines - Targets
Blue Lines - Support zone
NTPC- Bullish or ConsolidatingNTPC is looking good if it can sustain above 101 then the near term target can be 105 then 110 since it is a slow-moving stock, patience is always tested.
Disclaimer-This is for educational purposes only.
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.
