I hope you can now see how Ntpc represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
Since, it didnt breach its support and formed a good bullish candle after a week consolidation, will look for now a buy opportunity if sustained above PDH (Previous day high)
NTPC has been steadily falling with average volume falling, meaning that the market makers/smart money are not interested in selling and are waiting for a buying opportunity. Price is near support/accumulation zone and this is where market makers will absorb all the sell order by buying. Falling wedge needs to be broken out for NTPC to move higher.
Target is 100,...
The stock is trading near the support of curve line.
It has already formed a M-top pattern that is double top.
The stock is trading in between 100 and 90 price.
The stock can be Bullish from this level and can move till 95.64.
Below 88.65 stock can be bearish.
Note: This is for educational purpose only.
NTPC has formed an ascending triangle on daily chart. Breakout above 101 should give a fresh move upwards. RSI and MFI above 50 shows price momentum and volume is in bullish zone.
