NTPC - BO of WBP - Positional LongNTPC is now breaking out of the Neckline of the W Bottom Pattern, is a good buy for Positional Trade.
CMP - 90.5, Target should be 96/100 soon
NTPC trade ideas
Sell NTPC below 90.5As we can see MACD has gone on -ve and stock is at verge to break upward trend line, Which intimates the trend changing to bearish soon. Hence,
Sell NTPC below - 90.5
T- 84.5
SL-93.5
Elliot wave analysis + Guppy Multiple MA + Dinapoli Agreement A medium to long term target using multiple indicators all confirming a downward trend.
It looks like a 5th Wave downwards
Guppy Multiple Moving average setup would be confirmed once the prices go below 25th April low.
Dinapoli agreement (confluence between fibo retracement and fibo expansion)
NTPC AnalysisNTPC seems to be in Uptrend immediate support at 95 and resistance at 100, If 95 is broken it can go upto 90 -93 levels which are good levels for accumulation with stop loss of 84
93- 95 levels if not broken on closing basis then stock can bounce back to 100 levels.
NTPC IMMEDIATE Buy 84.85 NTPC IMMEDIATE Buy 84.85 , Stop loss 84.00/- Target 86.05/- ( Closed Half ) Second Target 86.85/- ( Close All )
Buy NTPC with Stop Loss of 79 for taget of 88 and 92Buy NTPC with Stop Loss of 79 for taget of 88 and 92 .Trading volume and delivery quantity increasing at lower levels.
NTPC Short Trade - Stock in a Overall Downtrend
- Rejected off Daily kijun / 50% Fib Level
- Close below a key S/R level
I am short from 50% level of Bearish Pinbar on March Futures. Will add more on 6th March after more confirmation.
Also sold 111 CE @ 1.6
NTPC - SHORTING OPPURTUNITYLooking for completion of the rising wedge pattern,
Major Area of interest
Bounce from Longterm resistance
NTPC - Long Portfolio#VolexP Pick 2 #NTPC - Bullish #PinBar near the demand zone in Monthly TF chart. Expect some big move in the counter in few months time. #Investment #Portfolio #Positional #Long
