NTPC 1D TF

6 days ago

NTPC has broken a trend line which I have posted in previous post. The stock could be have been traded in two ways.

Trade 1:
Entering the market as soon as the stock broke the trend line.
The stock has reached 1:1.5 and is running in profit.

Trade 2:
Waiting for another bearish candle or a retracement. The stock formed another bearish candle and If I have traded below that the stock is running in profit and I am waiting for the market to achieve a 1.5 reward.

We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.

Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades