Pattern
NTPC LTD: Strong BuyNSE:NTPC shows strong buy indicated by RSI, IMI, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 175.60
Target 1: 154.90
Stop Loss: 140.50
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Banknifty 1.global sentiment Are not clear for me
2. war was not end
(Chart shows a flag pattern )
(small Up Trend )
1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 33886 .. if we can see the price action for buying side and exit at the target price 34339
2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade
3.if gap down wait For close the 5 min or 15 min candle the crossed 33394 buy and wait for the target
Weekly high and low should be mark
Possibility my have on up side (up to previous week swing high)
Total Oi base call side 11,28,597 compare to put side 9,90,434 OI
So call atm to 500 points itm contracts 91641 oi
Put atm to 500 points itm contracts 1,01,626 oi
put options purchased itm 34000 strike price 41,036 oi
Option chain shows bearish
Note . this just prediction. market can happen anything
banknifty 1.global sentiment weekly positive
2. war was not end
(Chart shows a breakout )
(small Up Trend )
1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 33776 .. if we can see the price action for buying side and exit at the target price 34339
2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade
3.if gap down cross wait For close the 5 min or 15 min candle the crossed 33389 buy and wait for the target
Weekly high and low should be mark
when 1st time hit resistance and halt for 1 day or 4 to 5 hour may change the trend .. Monday may gap up it may have chance to up side
Possibility my have on up side (up to previous week swing high)
Note . this just prediction. market can happen anything
Power of Triple Top Chart Pattern
In Dow Jone Index we seen Triple Top formed on hourly time frame and given Breakdown.
After Breakdown seen a huge Fall in index of 7.25% which is the huge Fall for any Index in Market.
Now taking support at 30145 which is trend line at daily timeframe and will try to recover.
NIFTY -- BULLISH CHART PATTERN NIFTY -- HOURLY CHART -- BULLISH CHART PATTERN
1. Recent fall of nifty from high level lower channel seen till 15800 level where nifty form double bottom at 15800 level
2. After double bottom formation nifty at trading at upper channel
3. consecutive support taken at lower level of upper channel has seen where trend follow as uptrend higher top and higher bottom seen
4. recent support taken at lower level of upper channel arround 16200 and last 2 trading session nifty seen bullish up by around 300 points at present 16478 close at last trading session
5. next few session upper channel trend followed and nifty can hit target 16600-16800 level .
6. 16200-16400 work as support and 16600-16800 resistance as target as per channel
7. histogram seen bullish in last 2 trading session confirm this trend.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
HAPPY TRADING. !!