Short Term Pick: NTPCNTPC Breakout done on the Upside. It should fall to complete Harmonic Move. Buy 145_140.5 if gives indecision or Rejection Or reversal Candlestick Pattern. Hold the Position as it has given Weekly Breakout. Target 178/209+
NTPC
NTPC | goLongon the weekly charts ,you can see NTPC is at very attractive levels.
3 support levels are below there.
the chart is also showing RSI divergence .So it looks like trend can change between (150 -140).
as we get 2 bullish candles from any support levels,we can take a long possition in it.
Targets will be given after the trend reversal.
Thank you!
NTPC - Some times i do post long calls too. Boys and Girls,
Notice the lower part of channel and the upper circuit till where it goes, which happens to be .786 of the previous cycle, so we are entering long at 146 with tgt of 168.
French Fries.
NTPC - Can we see 145-147 soon? NTPC is trading below 200 day SMA.
Going by the symmetry of the price swings and time taken to complete each swing we can expect it to touch 145-147 zone by 8th Nov to 31 Dec.
NTPC all important levels for one year horizon chart suggest something big , something good coming in this sector for next year , expecting a 40 to 50 % uptick in the counter !
holding NTPC for 181 , 188 , 197+ i see potential in stock to go higher , good opportunity at 174 great support .!!
NTPC Triangle breakoutNTPC price action has given a triangle breakout add near 162/167 for target 177+ stop loss below 158
NTPC ShortI drew this triangle a few days ago and the price actions has been obediently following the pattern.
The price should eventually break on the downside if all goes well. 156 at least is very good short term target even if the triangle bottom is not taken out.
This is a continuation pattern so a good probability of downtrend continuation. COALINDIA is similar stock.
Energy companies are toastThe CNXENERGY index is showing ominous signs.
These stocks haven't been doing too well recently but have enjoyed a sustained uptrend.
It's time for reversal now. The fundamental picture is not at all good and this move downward is just getting started.
For more thorough analysis, check out my daily NSE dashboards at
rpubs.com
NTPC PositionalCan go either way. Strong resistance at 166 ~ Buy if breaks 167 with good volume and vice versa.
ntpc - failed cup handle patternfor educational purpose - when a pattern fails then a swift and sharp reaction happens see this in NTPC. target is 143. sell on rise n wait for a relief rally.
NTPC potential shortBearish divergence in RSI and MACD.
and MACD crossover.
Target around 163
Alternatively you can purchase OTM 165 put option @ 2.6
Diamond Pattern Breakout NTPC !The Stock has given breakout from one of the rarest pattern i.e. Diamond pattern. It works continuation pattern and formed half way. Those who are interested can trade in the direction of the breakout better on some dips.
NTPC turned in to up trend channelNTPC after long term up trend journey broken the trend at 156.00 and turned bearish, it has retraaced to crucial 50% fibo level and looking to trade in upward direction, traders may go long in this stock with a target of its second leg of up trend line resistance somewhere between 160-163. alternatively if it broke the level 145.00 downside exit with small stop loss.
