Bullish cypher & upward rising wedgeWe can see a bullish cypher along with an upward rising wedge forming on a shorter time scale.
NTPC trade ideas
NTPC 120 || SHORT || INTRADAYIt may touch price levels of around 122 and then reverse towards the downside.
SELL below 120 SL 122
Targets 118, 117, 115, 112, 110
OR
NTPC 29AUG 120 PE (₹0.65), 117.50 PE (₹0.05)
NTPC_ShortNTPC: has broken the channel support. Price target on downside
T1: 127, T2: 124.5, T3:122; SL: 134.5
NTPC Chart AnalysisNTPC is creat a inverted flag pattern in chart now at its support Trend line if brakes flag then move to downside.......
Bearish Cypher NtpcBearish Cypher Ntpc
Prz - 135.30 - 135.90
Sl - 137
Target 1 - 133
Target 2 - 131.75
Harmonic or ChannelAs shown on charts, we are at channel support and take us higher.
If it breaks channel on lower end, Harmonic will have a chance.
Please do leave a like and follow for further new ideas!!
ntpc long termbuy ntpc at cmp or wait for pullback till 126.
1st target 143.80
2nd target 150.
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
NTPCNTPC APPEARS TO BE HEADING FOR 146 / 150.
AS PER MY 21ST APRIL POST TARGET OF 140 IS ACHIEVED.
GRAVE STONE SORT OF FORMATION IS SEEN TODAY.
BUT, LOOKING AT THE TRADED VOLUME OF 2.4 CR AND DELIVERY OF NEARLY 56% IS THE PROMISING FACTOR.
