Buy NTPC At Cmp 102.45 Add More If Price Drops To 96-97 Strict SL - 88 (WCB) Target - 135
NTPC CONTRACTION PATTERN A GOOD VOLUME BREAKOUT CAN TAKE IT TO HIGHER LEVELS CAN SHOW LEVELS OF 112-116, IF SUSTAINS ABOVE 108, MAJOR RESISTANCE AT 123-126
I will look at buying NTPC because : It has broken the Resistance. Its back to its resistance and we can see big move upwards soon Entry : 109 Target : 119/125/130 Stop loss : 107.3
Breakout of multiyear resistance and head and shoulder inverse pattern on weekly tf.
NTPC looks solid on charts with higjer highs and higher lows. looks to break out of the current zone. Buy CMP: 105 Target: 120 Stop: Closing below ATR trailing stops Timeframe: 15days - 45 days
ntpc chart analysis for intraday and swing trading
Looks price is respecting support level
ntpc chart analysis for intraday and swing trading
Refer to the link below for setup
Buy-CMP or at 94 on fall SL-94,85,78 Targets-107,114,124,133 Take the position at your own risk.
I will buy NTPC because : It has been taking support at the trend line . So will be looking at buying opportunities. Book profit once it touches the resistance. Entry : 82 Target : 101 Stop loss : 80
NTPC has strong support at 87 at multiple time frames. The daily trend is positive.
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 . Thank You Disclaimer: It should not be assumed...
NTPC has shown lower top lower bottoms for the last couple of trading sessions. With a DOJI forming, it is a chance for the stock to reverse from here. The support at 82 also shows that there is a chance for this to reverse from here. Buy @ Stop loss 80, Target 88