Kinnari_Prajapati

NTPC trade approach:

NSE:NTPC   NTPC LTD
The stock is trading near the support of curve line.
It has already formed a M-top pattern that is double top .
The stock is trading in between 100 and 90 price.
The stock can be Bullish from this level and can move till 95.64.
Below 88.65 stock can be bearish .

Comments

it may be a bearish becouse overall market will be in negative for upcoming few days.
when i am loking daily or Weekly Time frame it's clear downtrend slope.
+8 Reply
THIS IS FIRST TIME I SEE A CURVE LINE
+3 Reply
bad analysis it gone bearish
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Seems trade didn't go as planned! It actually took support 87.50 (previous support on May 11), then bounced back, now 89.40 will act as resistance, which I think should break and stock should move up 90 levels (OI data build up) then can possibly move to 92 levels before this month expiry. My 2 cent view.
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Wow Good one
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@Kinnari_Prajapati stop loss hit, what next? where can be rentry?
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@Kinnari_Prajapati in your recent educational post you stated that rounded top is a bearish trend on the contrary here you made a rounded top with upward prediction. why so?
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Perfect Analysis...
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Your analysis is always right....
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