NTPC trade approach: for NSE:NTPC by Kinnari_Prajapati

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trendanalysis chartpattern beyondta ntpc ntcptrade ntpcanalysis bullish curve

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 .

NSE
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FX/Crypto
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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.

THIS IS FIRST TIME I SEE A CURVE LINE

bad analysis it gone bearish

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.

Wow Good one

@Kinnari_Prajapati stop loss hit, what next? where can be rentry?

@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?

Perfect Analysis...

Your analysis is always right....