NTPC 'daily t/f' Elliott Wave Counts from the low of 2020,
forming triangle at hourly chart in wave (4) of the impulse starting from Corona low.
More than 15% move can be expected to upside from here.
Regards.
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
Hello friends sharing the weekly chart of Ntpc as we can see by this chart that currently it is trading in Triangle pattern on weekly time frame after a breakout of falling trendline resistance and retested that resistance too as a support and the sharp uptrend supported by trendline it is indicating that a bullish move will come if it will able to break the...
NTPC moving with imulsive 5 wave up of which wave 3 done near 226 and post that stock went into the consolidation zone for one month for wave 4.
now moving up for wave 5.
all-time high of stock is near 242
Pros--As we see the price is at its 52 week high , also the price is above its 200 days MA , we can expect a bullish momentum in the stock in near about the month . Also the stock had given the breakout with good volume .
Cons--
1. a consilidation is not present near brakout .
2. price is at its highest point so we dont have a supply zone.
...
Short NTPC Below 213. If you see the price taking rejection near 214 level line as shown in the chart then can enter in trade with SL of 214 and target of 210.5(near 20 EMA on Daily TF). Reason for trade, RSI is week. Stock price has broken down the consolidation zone and trading at days low. Weekly candle is big inside candle with no signs of buyers from lower...
The stock now under resting mode after big bullish trend.
During the consolidation volumes looks so dry, that indicates supply is less.
It will go 6 to 10 points more.
Wait for BO and trade on your own analysis
