NTPC : Go long
As per strategy#1 we may see good move above 120.20
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1. 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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Buy ioc
Pros: petrol price hike. COVID case decrease. Lockdown restrictions loosen.
High dividend stock.
Your money will be safe at Govt owned Company.
Good to go.
NSE: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
(...
Self Explanatory!
This is NOT a trade Recommendation. Its for learning purposes with the community. Please use discretion. Your Money, Your Risk and Your Responsibility.
Comments are welcome
Daily 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...
Flag 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...
Weekly 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...
Weekly 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...
NSE:NTPC has formed a flag and pole pattern on 1H time frame.
Wait for the breakout.
I have given Target levels for both sides.
Consider your Risk/Reward before taking trade.
