Parallel channel breakout
Short to mid term target : 151/160/170
Long term target : 250/ ++ more
Reason : Raised 18K crore , Making significant leap in Renewable energy sector, Technically bullish.
NTPC trade ideas
Energy Coil in NTPC
Another Bullish sign: Formation of energy coil at support. It is long till 140 stop loss below 121
Successful chart reading is a study of Force. It requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side. There are critical points which occur in each swing just as in the life of a business or of an individual. At these junctures it seems as though a feather’s weight on either side would determine the immediate trend. Any one who can spot these points has much to win and little to lose.
- Richard Wyckof
DISCLAIMER:
This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experience.
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
NTPC Multi-Year BreakoutVery good opportunity to buy in NTPC as it is a multi year breakout happening in Monthly timeframe.
Simple Range breakout awaitedStock consolidating since a year.
High volumes
Lows are shifting higher.
3rd Kiss on the trend line.
From Current level can be a good buy.
Target 1 : 121-125
Target 2 : 142-145
Stop loss : 88-95
Good Risk to Reward More than 1.
small resistance around 133 also
Not recommendation/tip
consult your advisor / do your own analysis
NtpcDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
NTPC - Moving in a Parallel channelNTPC is moving in a parallel channel with impulse-correction-impulse phases. Currently, it is in the impulsive phase.
Disclaimer : This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
NTPC 1HRFor educational purpose only. It's not a call. Do your own analysis.
Trading in a channel pattern, just have to give breakout sooner or later.
Keep watching it.
Thanks
#breakouttrades
#priceaction
NTPC: Mid term view-BullishDaily MACD crossover may happen on upcoming days. Last 6 weeks it traded very flat when viewing weekly chart. So upcoming days it may go higher levels from this level.
WEDGE BREAKOUT | NTPCCMP looks good for more upside, for target of 138. SL will be below yellow zone
Simple Trade Setup | NTPC | 24-09-2021 NSE:NTPC
Observations:
1) On Weekly time frame, It has broken the range of 118-122 in last week and in this week it has maintained to stay above 122 level.
Any dip above 118 can be good buying opportunity if one wants to take long position in equity. SL will be 115. Target will be 130-135 for short - mid term.
Please refer below chart : Weekly time frame.
-------------------------------------
Trade Setup for Date 24-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NTPC LONGLooks good for long in NTPC. as we can check a bit of retracement or retest and long position, just idea.
Buy after confirmation of the Swing High in NTPCWait for confirmation of the swing high
Enter in the buy-zone
NTPC Sectoral playNifty CPSE is heading higher, If NTPC leads the sector, it has to break a mega hurdle to fly higher.
NTPC breakout candidateNTPC have break the all-time high and the trend line which show a bullish momentum in it as whole power sector to be in focus.
Simple Trade Setup | NTPC | 15-09-2021NSE:NTPC
Observations:
1)On 1 hr time Frame: It has been trading in the parallel channel. Sustainable breakout from this channel will give upmove atleast till 117.50 easily.
Please refer below chart : 1 hr time frame.
2)On Daily Time frame: It has crossed above 21DMA and previously it has reversed from 100DMA. 21 DMA is placed at 115.44 level. If it able to hold above 21DMA(115.44 levels tomorrow) then we can see an upmove till 117.50 easily.
Please refer below chart : Daily time frame.
-------------------------------------
Trade Setup for Date 15-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Simple Trade Setup | NTPC | 14-09-2021NSE:NTPC
Observations:
1) On Daily Time Frame, we can see that it faced resistance from 21 DMA. Which is placed at 115.60.
Please refer below chart : Daily time frame.
2)On 1hr Time Frame: It has been trading with taking support from parallel channel.
Please refer below chart : 1hr time frame.
-------------------------------------
Trade Setup for Date 14-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
