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...
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. ...
: Have a look its in the from of
"support zone " , and "ascending triangle"
trend line .
: Sell from A to B
then buy it from B to C because that is the best opportunity to make money .
: And you want to make money don't waste your time because
" Time is money " .
This 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.
Inverse head and shoulder pattern formed in weekly as well as daily chart which can fetch you around 15-20% return within a time frame of 2-3 month.
BUY between 116-119 for a target of 123-132-140
STOP LOSS- 114
FAVOURABLE RISK REWARD RATIO of 5
NTPC : Go long
As per strategy#1 we may see good move above 120.20
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I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
#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.
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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
Buy rating- 0.5
Neutral Rating- 1
sell rating -3.5
MA/ EMA cross over