NTPC
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NTPC - Cup and handle pattern1. NTPC has formed cup and handle pattern with rising trendline in weekly TF
2. Increase in volume since August 2020'
3. Higher high and Higher low in weekly TF
4. There has been slowdown in volume activity in the past few weeks. So try going long only above 115
Levels are mentioned in the chart
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long till close below lineNSE:NTPC Be on long position till closing is below 116 with a target of 124
stop-loss (intraday ) 116.35
stop-loss ( closing basis )114.75
( Avoid taking new position, already having a position tail stop losses to have meaning full liquidity in pocket )
indicator and rating
RSI (98.02)
Buy rating- 0.5
Neutral Rating- 1
sell rating -3.5
MA/ EMA cross over
( positive Trajectory ) Bullish
MACD (2.79 still bull run remain)
Buy rating 2
Neutral Rating 2
sell rating 1
#RITES CMP264.65 #Target 283 #POWERINDIA #NHPC #NTPC #ModiSpeechDaily Chart
#RITES
NSE: RITES
Short Term Quick Profit
CMP 264.65
Target 1: 272.65
Target 2: 283
SL : 251
Timeframe < 30 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Flag Pattern + Breakout in NTPC LtdFlag pattern is common and continuation chart pattern in trading.
NTPC Ltd formed Flag Pattern + Breakout completed in daily TF
1. On 7th June Breakout completed and retest phase in progress
2. Since its continuation pattern price started from channel bottom of 97.05 level
3. Can add now until 112 for avg price
4. At present volume is ok level
5. 1st target is 123 and 2nd target 131
6. SL for this candidate 107 on daily close level
7. Additional confirmation RSI above 60+ level and MACD crossover done
8. This is 1:3 RR candidate
Disclaimer: Views are for educational purpose only
You are welcome to post your comments
#POWERGRID CMP236Target258 #ADANIPOWER #TATAPOWER #RPOWER #NIFTYWeekly Chart
#POWERGRID
NSE: POWERGRID
Short Term Quick Profit
CMP 236.25
Target : 258
SL : 226
Timeframe < 30 Days
Can hold for longer time
The BONUS:
The stock is picked up not for this small target.
The Long Term Target is a lot more
This might take around 9-12 months from now.
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#CESC CMP742.65 #Target 840+ #ModiSpeech #PMModi #Philipcarb #ITWeekly Chart
#CESC
NSE: CESC
Short Term Quick Profit
CMP 742.65
Target 1: 786
Target 2: 846
SL : 684
Timeframe < 90 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia