Price taken the pattern support. Enter positional for good results.
Buy NTPC at 90.80 or above it with target of 99.99 INR. Target2: 107
Stock has given break out with good volume. make entry when it retrace to 104.50 level. target 116 for short term
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)
Looking Good for Intraday profit booking..
NTPC chart analysis for intraday and swing trade
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,...
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.
BY RESISTING AT RSI 50 LEVEL , IT WILL GO DOWN