1) On 1 week time frame, we can see that it is near the breakout range again.
This time, if it gives breakout of it then we can see a big up move again. 136 is immediate resistance. Major breakout range is at 140 level.
Please refer below chart : 1 week Time Frame.
2) On 1 hr time frame, it...
1) On 1day time frame we can see that today it closed above the high of 4th Jan candle but failed to close above previous day's high.
If it sustain above 134 then we can see up move.
Please refer below chart : 1day Time Frame.
Trade Setup for 13-01-2022...
After a long time, NTPC showing some strength as we see can there is a bullish flag with the dry volume in 2hr time frame we have to wait for a breakout with healthy volume, our entry price is near 132, 133 our TGT is 140, 140+ and our SL is 129.NTPC
Cmp - 124
Stop - Nil, Add more on relevant dips
T2 - 140, Review at 140
Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2
Technicals - ✅, right
Fundamentals - ✅, will follow price
Ideas being shared only for educational purpose
Please do your own research...
Ntpc Will Give Good Directional Movement Towards Upwards And Indicators And Supports Shows Bullish Signals In 1d Time Frame, Just Wait For Break Out Take The Position
--The Bullish Term Is There Though We Have To Wait For Break Out And Price Action.
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
I hope you can now see how NTPC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
GOOD time to invest in NTPC , camparing to the other energy sector like tata powers and adani , PE ratio is very low for NTPC . they invest in renevable energy sector , when news is come , stock price will go up , buy it without noise, trend line also help to go up
we can go long in NTPC due to following reasons --
Came out of pattern in weekly and daily timeframe .
retest done at both weekly and daily timeframe .
In daiy timeframe about to give breakout of a trendline .
we can go long at that point
Also at daily timeframe took a support at 100EMA .
All the ideas are just for learning purpose. I'm not any call provider...