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...
NTPC - Call Option Looking very good for long.
NTPC 190 call July Contract currently trading at 8.40
Can enter at current market price (7-8)
Lot Size -3000
SL- 3.5
Target- 12-14+
For Educational Purpose only
NTPC looks long making ascending triangle breakout with perfect volume so keeping the target of 206. The target is derived from widset legs of the triangle.
NTPC 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...
Stock is in an uptrend since it made a low of 73.20.
Recently broke resistance at 182.50 and continuing in wave 5.
Although, on higher timeframes it is giving negative divergence on momentum indicators, still a small quantity can be initiated with strict SL.
Also, the basis of Gann Octaves is an Out of orbit case with a minimum target of 184.50.
The analysis is...
NTPC Stock Analysis report.
Stock has trendline break out
Sort at 177 with SL of 178 Target 170
Over all stock is in uptrend and this is just retracement
As nifty is expected to go below 17300 on March 13 Market opening - NTPC could be a winner
Close to life highs, very strong buying / switching from high beta stocks
IV is very low (14%) and the call sellers could panic when the stock goes above 183 (life high) - this has been tested once already
Keep stop at 172 - which is the logical resistance and expect...
