Key Levels for NTPC are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~118.30
First Target~ 119.15
Interim Resistance~119.85
Final Resistance~120.70
**Lower Levels**
Lower Breakout~ 117.40
First Target~116.60
Interim Support~115.65
Final Support~114.70
Please trade with caution and consult your financial adviser before trading. You can...
The stock seems to be into a corrective pullback. The RSI is halted near 60 levels and curled down. The correction may take the shape of ABC pattern. Breaking of the upward sloping channel will confirm the pattern.
It may touch price levels of around 122 and then reverse towards the downside.
SELL below 120 SL 122
Targets 118, 117, 115, 112, 110
OR
NTPC 29AUG 120 PE (₹0.65), 117.50 PE (₹0.05)
I see a temporary bounce back in the counter as its trading at bollinger band lows , but overall chart structure negative may show 100 levels in coming days
buy ntpc at cmp or wait for pullback till 126.
1st target 143.80
2nd target 150.
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
Bullish Flag pattern spotted in NTPC . Pattern seems to be confirmed and hence the stock could move towards 148. Previous top at 137.5 can act as an intermediate resistance.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in...
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