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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.
NSE:NTPCLong
by raigvivek
1
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
NSE:NTPCShort
by VikasRanjane
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
NSE:NTPCLong
by BullishLine
4
NTPC Strong Breakout & Retest SetupNTPC has given a strong breakout above a resistance zone that was tested multiple times and is now approaching a retest of this zone, which is expected to act as a support zone. Based on this setup, a swing trade opportunity may be considered. Entry: A long position can be initiated after the close of a strong bullish candle near the flip zone. Stop Loss: A stop loss order can be placed below the flip zone to limit potential losses. Targets: Target 1: Take profit can be set near the next resistance zone as marked on the chart. Target 2: Once target 1 is achieved, a second profit target can be set near the next resistance zone 2 as marked on the chart. What is Flip Zone? A flip zone is a term used to describe a price zone that has flipped from acting as a resistance to acting as a support level or vice versa. It occurs when the price breaks through a key level, then retests it, causing the level to switch from acting as resistance to support or vice versa. Please Like & Follow me.
NSE:NTPCLong
by vt_trader
2