NTPC seems to be in Uptrend immediate support at 95 and resistance at 100, If 95 is broken it can go upto 90 -93 levels which are good levels for accumulation with stop loss of 84 93- 95 levels if not broken on closing basis then stock can bounce back to 100 levels.
NTPC IMMEDIATE Buy 84.85 , Stop loss 84.00/- Target 86.05/- ( Closed Half ) Second Target 86.85/- ( Close All )
- Stock in a Overall Downtrend - Rejected off Daily kijun / 50% Fib Level - Close below a key S/R level I am short from 50% level of Bearish Pinbar on March Futures. Will add more on 6th March after more confirmation. Also sold 111 CE @ 1.6
Last few days we witnessed a rally in NTPC from 109 levels, this rally seems to be more of corrective nature and halted at the KS line on daily chart. RSI is well placed into bearish zone and MACD is bearish too with no positive bias as of now.
NTPC is not looking good and one can short NTPC at current price for the target of 111-109. This will be the positional trade.
nTPC buy market price 115.90/-
NSE:NTPC trying a buy limit on 115.95/- looks worth a investment
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.
SELL below 117 SL 118 Targets 116, 115, 114
BY RESISTING AT RSI 50 LEVEL , IT WILL GO DOWN
NTPC (NTPC Limited) BUY ABOVE 130
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)
Hemraj Prajapat Trade Plans: Buy Above 120.3 with the Stop Loss of 119.85