NTPC Positional Analysis 28-Oct-2017CMP 181.95
Sup: 153/107
Res: 189
As long as 153 supports, we will see 187 again and further , 241-251, , 319, .
Buy on dips is my strategy.
Best buy level: 168-160 or buy above 189 for the above targets.
NTPC trade ideas
NTPCCup and handle breakout, initial tgt = handle size, subsequent tgt = cup size.
Keep appropriate stop loss.
#NTPC - Ascending TriangleNTPC has formed ascending triangle pattern on weekly chart. Close above 178-179 will fuel further rally.
NTPC Triangle breakoutNTPC price action has given a triangle breakout add near 162/167 for target 177+ stop loss below 158
NTPC for buyNTPC from daily support made a breakout today,it seems good buy with in rang 165.50/166.25 with sl~164.5 for tgt~170++ within 1/2days
NTPC: GOOD to Accumulate, GST Impact Negligible.NTPC: @ 155.90
GOOD to Accumulate, GST Impact Negligible.
Technical Indicators Nearing REVERSING zone.
Double Bottom @ 155- @ 155.30 zone.
Possible Pattern "W" after Bullish ALT BAT .
LONG for accumulation .
TGTs: Plotted on Chart.
More Updates Later.
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Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
NTPC ShortI drew this triangle a few days ago and the price actions has been obediently following the pattern.
The price should eventually break on the downside if all goes well. 156 at least is very good short term target even if the triangle bottom is not taken out.
This is a continuation pattern so a good probability of downtrend continuation. COALINDIA is similar stock.
ntpclooking for buy opportunity in ntpc right now facing selling pressure but bull power can be seen from the fibo level placed at 150 . hold of 150 will confirm bull intact and targets can be 177.20,198.75,220.20
NTPC : Descending TriangleStock has been bouncing back repeatedly from the 61.8% fib level of previous up leg.
One can enter long at 155-156.5 levels, play with a strict sl .
Lets see if it gives a breakout from the triangle.
Bullish Gartley or Bullish Butterfly opportunities in NTPCIn the current Bull market for buy on dips strategy will reward better.
We have potential Bullish Gartley as well as Bullish Butterfly possibilities.
If we observe Fibonacci ratios, potential reversal areas come around 150 - 154 zone.
Stop loss can be determined after confirmation of the pattern activation.
Tentative stop loss - 148 .
NTPC : Making lower high and lower low and recent trendline BDstock is underperforming market and making lower high and lower low and recent trendline break down suggest stock may slide till 154.6-150.9 sl 164
NTPC nearer to trendd REVERSAL NTPC: LTP @ 160.45
Taking Support near 0.618 fib retracement @ 160.2
Made a LOW @ 159.85 5 min Candle at 9.50 AM
& Above Previous day LOW @ 159.75 (Opening 5 min Candle of 08/05/2017).
So HL formation till Now.
Today Made A HIGH Above @ 161.30 HH also formed.
Some Indicator also are in OverSOLD.
NTPC Long for short term Holding The Price is approaching Demand/ Support area I am looking to buy Near 160.50 with stop 158 For target of 167
Regards
NTPC looking goodNTPC is in long run bullish !! now after consolidation and correction is ready to move for upside !!
NTPC SHORTIt is observed on daily charts that NTPC has broken below the lower trendline of the channel. The RSI is also trending down. Also the entire channel upmove was on thi volumes. So it can be shorted for a target of Rs 160.
Disclaimer: I am a novice at trading and this chart is for educational purpose only. Opinions and views about the chart are welcome.
NTPC Long for short term Holding NTPC is passing through strong resistance area , As Per 4 H candlestick charts
IF price close above 168 Can look for Price target of 174 stop would be 162 in this case since proper stop is not possible to place due to huge congestion area below 168
Cheers
NTPCVery Interesting, I would really be looking forward to what will happen now.
As of now am Neutral. If Trend line is broken on downside then will think of shorting it.
NTPC : Completion of Leading DiagonalDear Readers,
A Leading Diagonal Pattern formation has been witnessed and looks to have completed in the stock of NTPC from its low price of 107.10 to its recent high price of 178.85. The same can be visible from the given chart as shown.
After the completion of this leading diagonal, the stock of NTPC seems to be in corrective zone and looks like forming a simple zigzag (5-3-5) corrective pattern, though it is too early to predict the possible corrective formation. However, at first look it looks to be forming the simple zigzag pattern.
The first leg, wave 'A', of this simple zigzag pattern, looks to have completed its first three waves, is about to complete or have completed it fourth wave and will complete its last wave five over next few days. A parrallel channel has been drawn to show the possible resistance and support point for making entry or exit.
Secondly, the stock is witnessing sideways movement as against the sharp fall in the third wave of wave 'A'. This indicates that the stock has little less interest of retracing this fall aggressively. The upper line of the parrallel channel may act as resistance line. A decisive breach of resistance line with sharp rise in price with volume, may negate the possibility of the zigzag formation.
The stock of NTPC can be sold/shorted at current price of 160 for the price targe of 154, 150 and 144 with stop loss of 167.
NTPC PositionalCan go either way. Strong resistance at 166 ~ Buy if breaks 167 with good volume and vice versa.
