NTPC has formed ascending triangle pattern on weekly chart. Close above 178-179 will fuel further rally.
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NTPC may bounce from trend line above 170 is buy for target of 175.
NTPC price action has given a triangle breakout add near 162/167 for target 177+ stop loss below 158
NTPC 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: @ 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. If you think this post enrich your knowledge and would help you in trading, Please don't forget to ...
I 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.
looking 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
Stock 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.
In 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 .
stock 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: 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.
The Price is approaching Demand/ Support area I am looking to buy Near 160.50 with stop 158 For target of 167 Regards
NTPC is in long run bullish !! now after consolidation and correction is ready to move for upside !!
It 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 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
Very 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.