NTPC
Simple Trade Setup | NTPC | 15-09-2021NSE:NTPC
Observations:
1)On 1 hr time Frame: It has been trading in the parallel channel. Sustainable breakout from this channel will give upmove atleast till 117.50 easily.
Please refer below chart : 1 hr time frame.
2)On Daily Time frame: It has crossed above 21DMA and previously it has reversed from 100DMA. 21 DMA is placed at 115.44 level. If it able to hold above 21DMA(115.44 levels tomorrow) then we can see an upmove till 117.50 easily.
Please refer below chart : Daily time frame.
-------------------------------------
Trade Setup for Date 15-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Simple Trade Setup | NTPC | 14-09-2021NSE:NTPC
Observations:
1) On Daily Time Frame, we can see that it faced resistance from 21 DMA. Which is placed at 115.60.
Please refer below chart : Daily time frame.
2)On 1hr Time Frame: It has been trading with taking support from parallel channel.
Please refer below chart : 1hr time frame.
-------------------------------------
Trade Setup for Date 14-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Same setup like CAMSThis is 1 Hr timeframe.
I have got the same setup like in CAMS that I got on 21st May.
I have posted it. Check it out.
CAMS have moved 25% since then.
Let's see how this one goes.
Completely doing pure techincal analysis without bothering mentally by any news and all other factors.
Those things too reflects candle's movement and stock momentum.
Those candle's also indirectly add meaning and relate other factors.
This post is for information purpose only.
NTPC: Analysis "
TECHNICAL ANALYSIS OF NSE:NTPC
The LAST CLOSE PRICE of NSE: NTPC is 116.15 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 116.15. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 121 with RESISTANCE 1 and RESISTANCE 2 at 114.4 and 112.6 respectively. The Key 50% FIBONACCI LEVEL stands at 114.4 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 22.88 and 29.76 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 1.68 and 40.72 at 2.11 along with HISTOGRAM showing values of -0.43, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 0.21 and 0.33 with DOWNTREND as TREND CHANGED TO BUY. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.5988 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 7.8 which signifies its Price Level to be VERY CHEAP.
>>> RECOMMENDATION is : SELL ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Symmetrical Triangle in NTPC.A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
2. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
3. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point. The stop-loss for the symmetrical triangle pattern is often just below the breakout point.
#84 SURE SHOT NO DOUBT#84 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
Leave a comment that is helpful or encouraging.
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
To motivate me, give a like and show your support. Thank You!
Please stay safe. Happy Trading!
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