#Nifty - NTPC Cup and Handle PatternNTPC is after a consolidation pattern with cup and handle has broken out . Likely to hold breakout and move up further
NTPC
My view on NTPCNTPC
above 179.75
Tgt 181.50-182.00-185.00++
in very short term
Keeping on radar NTPC 180 CE
NTPC BRAKEOUTTTTTTTBUY above high of brakeout candle at 177.6 with sl of 174.45 minimum 1:2 take profit
NTPC Short Swing TradeNTPC looking upward directional for swing trade.
Buy at 169.50,
Target 1 : 173.90
Target 2 : 177.50
#NTPC #Swing
NTPC - ShortNTPC 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
NSE NTPC stay strong in any market weakness, TP 190 with calls
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 to see 190 within the month. Buying calls (very cheap) is the right way to trade this
NTPC Hourly NTPC on hourly chart is indicating a typical text book Bullish Flag & Pole pattern formation. It was previously under range consolidation and then post breakout gave a good momentum upside.
It then retraced back and took support at exactly 50% retracement level of recent upmove. On hourly chart as per closing basis it is showing a visible breakout in Bullish Flag & Pole pattern.
Keep this setup in radar for coming sessions to potentially get a good momentum.
15 min chart for small time frame reference
This isn't a buy or sell recommendation but just an educational purpose post
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History Repeats HISTORY REPEATS ITSELF
NTPC has formed similar patters in the past and on a break of the trendline and has soared a good 12%-19%, making it highly probable.
NTPC breaks its downward trendline on high volume with support from 50ema
Options Data: 7% increase in one day on open interest causing a long buildup
Target of 183.05
Stop loss at 164.65
Keep it Simple
NTPC LONG OPPORTUNITY!!falling wedge pattern is seen NTPC.
Long opportunity is possible
initiate long positions if NTPC gives breakout above 168 and upto 180-190 levels in coming days!
NTPC may go up till 180 SL 160 in week time As per Harmonic PRZ pattern, NTPC may go up till 180 SL 160
classic charts for studybeautiful technical formation called round formation which is bullish
stock looks good although as its belong to power dont see humoungous rally due to the sector issues
CNXEnergy Nifty EnergyCNXEnergy will be an absolute avoid from a long perspective.
One can see that the RSI is losing a lot of strength and the index is unable to make higher highs.
We have witnessed this kind of pattern during 2018,2019 and we all know what happened in 2020.
It can dupe by a small movement but one need to observe if the index is unable to make a higher high then it will become problematic for the index.
The index contains
Reliance Industries Ltd. 33.82
Adani Transmission Ltd. 12.35
NTPC Ltd. 10.88
Power Grid Corporation of India Ltd. 10.31
Adani Green Energy Ltd. 10.13
Oil & Natural Gas Corporation Ltd. 6.91
Tata Power Co. Ltd. 5.06
Bharat Petroleum Corporation Ltd. 3.83
Indian Oil Corporation Ltd. 3.44
GAIL (India) Ltd. 3.25
I would absolutely avoid the above stocks as I am not seeing any great gains from long point of view.
Disclaimer - Please DYOR, Don't take any market positions based on my analysis.
Good opportunity in ntpc for intraday swing trade50 ema on 15 minutes chart of ntpc, is acting as a resistance But in last trading session it closed above the 50 ema. If it sustains above 50 ema, a rally till 175 /180 can be expected.
180 holds highest call oi and 175 holds second highest call oi in 24th nov 2022 options series.
NTPC SHORT TERM SWINGNtpc given breakout and retest done.
Also making Harmonic abcd pattern.
Buy around 175 to 176.
1st tgt - 183, 2nd tgt 197.
Stoploss 170 on day closing basis.
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
NTPC SWING TRADENTPC has given channel breakout with good volume.we can keep sl below todays low .also targets are mentioned in the chart itself.
NTPC Ready To BreakoutNTPC looking good for next trading idea. If it breaks the resistance level of 176 then it will further move towards the level of 190. wait for breakout and do your own analysis before trading in this stock.
NTPC a good upside due after a solid base formation 180+ targetA close above 165 would mean that NTPC will reach 185 in quick succession. The base looks solid and ready to move anytime!!
