A breakdownn and reversal happened on 1 hour time frame . short price - 125 target - 119 duration -1-2 weeks
Long time Investor friends, Head and shoulder patterns formed in the Daily Time frame. Now retesting in progress. If it breaks and closes below the neckline My target will be Rs 55 to Rs 56 (Target timing: 3 Months period). If it happens credit goes to My Technical Mentor. Long-term investors, Please wait and watch. Thanks and Regards, IndianOx
Long time Investor friends, Head and shoulder patterns formed in the Daily Time frame. Now retesting in progress. If it breaks and closes below the neckline My target will be Rs 55 to Rs 56 (Target timing: 3 Months period). If it happens credit goes to My Technical Mentor. Long-term investors, Please wait and watch. Thanks and Regards, IndianOx
LOOKING GOOD, WOULD BE TOO SOON TO FORM AN OPINION, BUT FOR WHAT IT'S WORTH, IT'S BEEN IN ACCUMULATION FOR ALMOST 10 YEARS. IT NEEDS TO BREAK THE UPPER PURPLE LINE ASAP FOR IDEA TO BE VALID. INVALIDATED IF IT FALLS BELOW THE LOWER PURPLE LINE. PUMP IT. MIGHT TAKE A COUPLE YEARS BUT 200% GROWTH LOOKS EASY.
The best way to learn is to visualize what is being discussed. These profits will not be consistent. You will win some, you will lose some, you will lose some more, depending on how the market is moving. This doesn’t necessarily mean that you cannot make some profits trading with indicators. Short 137.45 Stop-loss 141.25 Target 132 and 128
NTPC has formed ascending triangle pattern on weekly chart. Close above 178-179 will fuel further rally.
-----:: Explained in the chart ::-----
NTPC: LTP @ 160.45 Taking Support near 0.618 fib retracement @ 160.2 Made a LOW @ 159.85 5 min Candle at 9.50 AM & Above Previous day LOW @ 159.75 (Opening 5 min Candle of 08/05/2017). So HL formation till Now. Today Made A HIGH Above @ 161.30 HH also formed. Some Indicator also are in OverSOLD.
It is observed on daily charts that NTPC has broken below the lower trendline of the channel. The RSI is also trending down. Also the entire channel upmove was on thi volumes. So it can be shorted for a target of Rs 160. Disclaimer: I am a novice at trading and this chart is for educational purpose only. Opinions and views about the chart are welcome.
Bearish Bat Harmonic Pattern in NTPC. Target Price 1 - 153 Target Price 2 - 141 SL - 170 Entry 164
On hourly chart, the price action breaks out from symmetrical triangle at the last hour of trading indication bearishness and dominance of sellers. It shall further go down on Monday. Target:155 Stoploss 161 Duration 1-2 days
The Pin Bar Candlesticks formation indicates change in trend. If it is found near important resistance level then it signals selling pressure and rejection of prices on high level as indicated the above chart. Therefore, it is an important formation to measure market sentiments and as per above chart it indicates high selling pressure or profit taking signals...