falling wedge pattern is seen NTPC.
Long opportunity is possible
initiate long positions if NTPC gives breakout above 168 and upto 180-190 levels in coming days!
NTPC Ltd (NTPC) @breakoutlevel
NTPC Ltd (NTPC) strong breakout with high volume and momentum created in day chart. delivery 63% so strong upside. BUY above 159.08 . NEXT TARGET 160.9 ,161.6,165.7,171.25 Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you
NTPC On the Daily and Hourly Charts looks Bullish, We are entering into Buy into Cash Segment at Current Price 155 With Stoploss below 150 For the Targets of 165.
Reasons For Buy:
# Trendline Breakout
# Retest Breakout Levels.
# Continuing Uptrend.
# Quarterly Results in Line with Expectations.
NTPC - Short Term Pick NSE:NTPC
Stock is showing high signs of long term reversal technically (on weekly & Monthly charts) as well as fundamentally and with ongoing uptrend in market it is ready to catch up with the trend soon.
Broken the trendline resistance as we can see on charts and heading for weekly & monthly resistance around 180-190 range in few days...
NSE:NTPC
Observations:
1) On 1day Time frame, we can see it is between resistance and support trendline and making triangle pattern.
Please refer below chart : 1day time frame.
Same chart on 15min TF.
Please refer below chart : 15min time frame.
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Trade Setup for 30-05-2022
1) Don't Jump in to trade at the...
A "W" in making. Would be validated if stock closes above 145. Full support from Volume and RSI.
Trade Setup for Monday.
Entry: Above 145
Pattern Target: 152
SL: 142 DCB
What can be traded?:
1. Can go in Cash or April FUT or 145 CE
2. Or Short 140 PE
Please consult your financial adviser before investing. If you find worth it, do Like, Share and Comment! :-)
![NTPC: Intraday Levels | NTPC | 30-05-2022 [INTRADAY]](https://s3.tradingview.com/w/WWAIGAtc_mid.png "Intraday Levels | NTPC | 30-05-2022 [INTRADAY]")
