NTPC potential shortBearish divergence in RSI and MACD.
and MACD crossover.
Target around 163
Alternatively you can purchase OTM 165 put option @ 2.6
NTPC
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.
NTPC - Weekly - Cash onlyA good RR long here. Buy now with stop below week low + some filter with which u r comfortable.
NTPC Breaks Out from Symmetrical Triangle (Bearish)On hourly chart, the price action breaks out from symmetrical triangle at the last hour of trading indication bearishness and dominance of sellers. It shall further go down on Monday.
Target:155
Stoploss 161
Duration 1-2 days
NTPC : Head and Shoulders Pattern [15mins]This head & shoulders pattern is yet to complete and moving towards the neckline, wait for valid breakout at neckline before initiating short positions. This may or may not be intraday, can get extended for another day, so be sure about what position you are gonna take. Neckline has back to back supports, so be planned & prepared with whats your risk before entering the trade.
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