NTPC trade ideas
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
NTPC may resume trend down again.Last few days we witnessed a rally in NTPC from 109 levels, this rally seems to be more of corrective nature and halted at the KS line on daily chart. RSI is well placed into bearish zone and MACD is bearish too with no positive bias as of now.
NTPC is coming near a support line . #NSE #BSE #NIFTY50Lets see How NTPC reacts to this support line. NSE:NTPC
NTPC - AT SUPPORT ZONE NTPC - AT SUPPORT ZONE , ALL THE ZONES ARE MARKED.
EXPECT UP MOVE ONLY AFTER THE CLOSE ABOVE TRENDLINE
Short NTPC Target 111-109, SL 121NTPC is not looking good and one can short NTPC at current price for the target of 111-109. This will be the positional trade.
NTPC Showing Bearish Signals NTPC showing HEAD & SHOULDERS Chart Pattern.
Stock Likely to Go Downwards up to Levels of 63 to 70.
Entry : Rs. 117
Target : Rs. 63
Stop Loss : Rs. 123
Looks Nice buy Limit Can place on 115.95NSE:NTPC trying a buy limit on 115.95/- looks worth a investment
NTPCNTPC after falling nearly 18 % from its highs has been consolidating in a range.
It has formed a nice base .
Long buildup is seen in the stock where in OI rose by 1.6 % today.
Option chain is suggesting a good support at 117.50.
This stock is a buy with a price target as below.
T1 :- 127
T2 :- 133
T3 :- 143
Kindly scale out your position on T1 / T2 and T3 targets.
NOTE :- None of my analysis for taking position in options.
I dont trade in options nor do i recommend to do the same.
Bank Nifty is Neutral Bank Nifty is not showing any sign of Uptrend or Reversal, and it made a bullish candle just because of the rally in Yes Bank but now I think the momentum may be lost and a semi-downtrend can be expected.
