NTPC
SHORT Opportunities for 12 - 16 AprThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
NTPC TRIANGLE PATTERNNTPC is forming a triangle pattern on hourly timeframe. If it gives a breakout it can be a good positional trade. Sl will be the nearest swing low. Enter the trade when price crosses the high of the breakout candle. For best results and to avoid false signals get into the trade using 1H timeframe.
NTPC showing good signs for positional buy above 115NTPC is showing positive sign to take next leap of growth and looking as promising stock for SIP or short - mid term holding.
Chart has been analyzed on Weekly Time frame... portraying good movement after trendline breakout and expect price to pickup it momentum, if price on daily time frame closes above 115
We feel it's an ideal BUY and HOLD stock for short term to mid term (3 to 6 months) and recommended to buy on Weekly SIP or buy at different intervals. Given the market positive market sentiment for SEG sector, the stock might get additional push to propel the growth.
Feedback are welcome... Happy Trading > Investing > Wealth Creation.
NIFTY 1D - Abandoned BabyA bearish abandoned baby is a specialized candlestick pattern consisting of three candles, one with rising prices, a second with holding prices, and a third with falling prices. Technical analysts expect that this pattern signals at least a short-term reversal in a currently upward trending price.
Significant reduction in relative strength index
Except Reliance Industries, PSU stocks, Oil/Gas stocks, broader sector Index stocks' strength weakening.
Overhang of correction in stocks of Bank Index / Financial Services Index, may make Nifty print lower reading in spite of support from Oil & gas / Energy / Auto.
Going long on PSU, Oil & Gas, Energy, Auto with hedging of Short Nifty / Short Bank Nifty . . . .