NTPC can go above 198.70 ??Answer is big yes !! NTPC s a power sector company with huge profits we can enter into this at this time if it sustains above it's level . Fundamentally it is very strong because it is just moving around its B.V and providing huge profits and dividend. If it goes up we can accumulate it in as percentage for higher returns .So, we can enter into this but if it falls from now at every break down we can accumulate and make it as average . We will see it above 198.70 in few months... Thank you guys ..
Powersector
Bright chances of Hugh MoveThis is Monthly Timeframe.
PFC is near is resistance of a very long resistance line.
We saw a big breakout in TATA Power from power sector few months back.
Will it happen same with PFC?
The chances are looking bright as it is sideways for years.
And here, RR ratio is also looking good which 1:2 if I kept stoploss near the recent support.
It may also go above it's all time high.
Power demand is increasing. There a lot fundamental positive actions are taking place.
So it will benefit it.
This post is for information purpose only.
High Probability setup with (R/R-1:3)LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
POWERGRID - A Good Pick To Go Long!As we can see in the chart, the stock has given a decent breakout from its stiff resistance. Also, it has retested this level after the breakout. Now, positionally a good pick for going low with a stop loss below 235. We might see a decent rally in this stock after a little consolidation around its current pricing. For targets, take reference of provided target lines.
NTPC showing good signs for positional buy above 115NTPC is showing positive sign to take next leap of growth and looking as promising stock for SIP or short - mid term holding.
Chart has been analyzed on Weekly Time frame... portraying good movement after trendline breakout and expect price to pickup it momentum, if price on daily time frame closes above 115
We feel it's an ideal BUY and HOLD stock for short term to mid term (3 to 6 months) and recommended to buy on Weekly SIP or buy at different intervals. Given the market positive market sentiment for SEG sector, the stock might get additional push to propel the growth.
Feedback are welcome... Happy Trading > Investing > Wealth Creation.
PowerGrid | Decsending triangle Pattern | Initiate Buy After the impulsive wave 1 it has consolidated forming the descending triangle and Wave 2 will start soon.
Most of the technicians prefer to buy when it starts forming wave 2. The reason to initiate buy now is that this stock has good fundamentals with rising EPS and Debt is also less with Rising revenue. Moreover, I prefer to buy now as the Risk to reward ratio at this stage is also good.