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eastwind65
Jul 14, 2021 12:28 PM

NTPC ON THE VERGE OF BREAKOUT Long

NSE:NTPC60
NTPC LTDNSE

Description

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NTPC is making an ascending triangle pattern from 4th June 2021 and is on the verge of breaking out.

Can go long above 121 with a High Volume Breakout and retest for the following targets.

T1-127
T2-145
Trend AnalysisChart PatternsAscending Trianglebreakout
Comments
Bharath_Trades
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Stock is still not breaking out. Badly waiting for this to happen since several days. Fingers crossed.
eastwind65
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@Bharath_Trades, Me too
Bharath_Trades
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@eastwind65,

High time for the stock to go up. Hopefully earnings in 2 days or so .. will take it up..

Fingers crossed bro.
Bharath_Trades
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@Bharath_Trades, Today is the day ... for earnings. Hope some movement happens this week.
eastwind65
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@Bharath_Trades, Still No positive movement
Bharath_Trades
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@eastwind65, yes bro. Every other stock me flying. There were some good news for NTPC. Some project got finalized. I saw in NTPC website. But zero impact on the stock. We all know that it’s a great stock for long term. Seems I made a mistake by picking this for swing trading. IT and Pharma are flying. Stuck with this stock though.
Bharath_Trades
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@eastwind65, Strong positive moment on the downside. I am just waiting for a better window to exit. Will be a big loss for me. But I am still doing it because I don't want to stick to this long-term performer. It can go up in the long run. But I can use my capital for earning from other opportunities than to wait on this one.
eastwind65
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@Bharath_Trades, I do commiserate with you. It does happen even to the best. As for me I dont keep stop losses. I wait for a turn around but I do keep a profit margin of about 24% PA when taking trades. It does beat the bank deposit rate by a long shot.
Bharath_Trades
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@eastwind65, Thank you, bro. Sounds like a good plan in place.
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