varadtambolkar

Simple Range breakout awaited

Long
NSE:NTPC   NTPC LTD
Stock consolidating since a year.
High volumes
Lows are shifting higher.
3rd Kiss on the trend line .

From Current level can be a good buy.

Target 1 : 121-125
Target 2 : 142-145

Stop loss : 88-95

Good Risk to Reward More than 1.

small resistance around 133 also

Not recommendation/tip
consult your advisor / do your own analysis
Comment: I never gave targets earlier as many people instead of learning take that as tip.

Gave target and stop loss, as I thought it might help people to set targets.

Comments

this idea relived me as I am stucked in NTPC since 2017, I bought it at 139 and since then I am just waiting.
Reply
varadtambolkar SANJAYPATIDAR_
@SANJAYPATIDAR_, never be stuck witj shares.

Keep trading them, and reduce yohr average price.😃
Reply
SANJAYPATIDAR_ varadtambolkar
@varadtambolkar, you mean keep adding on dips to reduce average cost right?
Reply
varadtambolkar SANJAYPATIDAR_
@SANJAYPATIDAR_, no when you see trend is weak on daily weekly, sell delivery at cover at lower cost. This way you will generate funds and quantity will increase.

Just like positonal sell.

In averaging you need more funds😃
Reply
quiet impressed with your analysis bro.
can plz share your long term perspective on BEPL
Reply
varadtambolkar Maverick0618
@Maverick0618, will PM you. 😃
Reply
already entered at 105.65
Reply
varadtambolkar ankitchovatiya100
@ankitchovatiya100, great 👍🏾😊
Reply
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