cup and handle pattern A cup and handle is a technical chartcup and handle pattern SL - 358
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
NTPC
Opinion: NTPC - 400 MarkNSE:NTPC gains traction over a past few months. Company tends to improve the energy generation process and also exploring clean energy generation. For long term, NTPC holds value and growth potential - Energy demand for future will rise by considering consequent heat wave across India due to global warming effect. Also expansion of Industries, extra luxury celebrations, parties will add benefits to Energy production companies.
* NTPC is a Top Indian Independent energy producer, with 25% of total market share of entire energy sectors.
Trading Setup:
* NTPC - May trade with the range of Rs.300 - Rs 400.
My Reasons- After it crosses Rs.220 Mark, Volume starts to build up. So, current negative sentiment as of 28/Apr/2024 - put fear in overall market but NTPC holds with the range of 300-400. Breaking 300 is also a buying opportunity for every drops. Holding negative position can compensated through its high dividends. But I'm Long on NTPC which would break the upside 400.
Crossover Trade - NTPC📊 Script: NTPC
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
Key highlights: 💡⚡
📈 Script is trading near upper band of BB.
📈 Already crossover MACD.
📈 Double Moving Averages are on urge of crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 351
🟢 Target 🎯🏆 - 374
⚠️ Stoploss ☠️🚫 - 343
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
NTPC: Will it break ATH and move aggressively?Recently, NSE:NTPC showing strength and buying pressure is building up constantly. Volume of past weekly data shows huge buildup is taking place near the marked yellow zone.
While considering open interest of the future data , at Rs.450 there are huge call writing have been taken place. But current future vale of ntpc is at Rs.455, maybe we can see huge selling or a very aggressive breakout when every 9577k call writers close their positions.
Anyway, company announced that, they are going to generate more energy in 2024. So, we can assume there is a potential demand for it.
NTPC - SWING TRADE - 28th December #stocks#NTPC (1D TF)
Swing Trade Analysis given on 28th December, 2023
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup at Resistance - Done ✓
- Breakout of Resistance - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #ntpc
POWERful flag Breakout in NTPCIntroduction: NTPC is India’s largest power utility with an installed capacity of 73,824 MW (including JVs), plans to become a 130 GW company by 2032. Established in 1975, NTPC aims to be the world’s largest and best power major.
NTPC has comprehensive Rehabilitation & Resettlement and CSR policies well integrated with its core business of setting up power projects and generating electricity. The company is committed to generating reliable power at competitive prices in a sustainable manner by optimizing the use of multiple energy sources with innovative eco-friendly technologies thereby NTPC is contributing to the economic development of the nation and upliftment of the society.
A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:NTPC
Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price
MACD gave Positive crossover on Daily chart and Monthly chart and weekly chart, it is expected to move towards the positive territory. So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 245 levels with the stoploss of Rs. 227 on weekly closing basis. The 1st target will be 259.25 , 2nd target will be 277.10, 3rd target will be 295.20 and 4th target will be 309.65.
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
Ntpc Limited- Long Setup, Move is ON...#NTPC trading above Resistance of 208
Next Resistance is at 291
Support is at 138
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
CNXPSEI first mentioned about PSEINDEX coming out of multiyear consolidation and give a major breakout during one of the video which I posted in August 2022. Link is there in related idea section and listen from 12:30 mins.
The index is on the verge of multiyear breakout and possibility of giving a highest monthly closing ever is more than ever before.
Keep scripts related to this sector in your radar as they are going to outperform in my opinion.
Short NTPC Below 213Short NTPC Below 213. If you see the price taking rejection near 214 level line as shown in the chart then can enter in trade with SL of 214 and target of 210.5(near 20 EMA on Daily TF). Reason for trade, RSI is week. Stock price has broken down the consolidation zone and trading at days low. Weekly candle is big inside candle with no signs of buyers from lower levels(Weekly candle low is 212.65 and close is 213).
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
If you think this idea is use full
please like and share and follow
Thank you for reading my idea
NTPC for swing trade.NTPC, which has been consolidating for over 2 years, has the potential to experience a breakout with strong momentum. As visible from chart it has made a rectangular channel pattern where it has retested it's support and bounced back over and over again.
Today, the stock has reached its resistance level and formed a positive candlestick. If the stock breaks the resistance and sustains above this line, it could be an opportunity to take position.
#StockMarket #technicalAnalysis #NSE #NTPC #Swingtrading