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on the weekly charts ,you can see NTPC is at very attractive levels.
3 support levels are below there.
the chart is also showing RSI divergence .So it looks like trend can change between (150 -140).
as we get 2 bullish candles from any support levels,we can take a long possition in it.
Targets will be given after the trend reversal.
Scrip for tomorrow.
Two way trades.
If gets rejected from trendline then short if trendline is broken then buy
NTPC is trading below 200 day SMA.
Going by the symmetry of the price swings and time taken to complete each swing we can expect it to touch 145-147 zone by 8th Nov to 31 Dec.
NTPC has bounced from 61.8% retracement level. It can be bought now with a target of 175 and stop-loss of 155.
Follow the strategy mentioned in the charts and get into the trade
Earn Huge Profits; Take Small Losses
chart suggest something big , something good coming in this sector for next year , expecting a 40 to 50 % uptick in the counter !
Long can be initiated at the break of the above TL.
Not absolutely convinced but i think NTPC can give a breakout only if market gives support, volatility is increasing too.
Check the chart
C> 174.35 and H > 180 with strength by next week
Will confirm a #BoxBO
CCI(D) > 100
CCI(W) on the verge of crossing 100
Volume Support Seen
Alignment awaited on Weekly timeframe
Must cross Fibo 173.30 with strength for Target 198 / 210
Duration: 2 months
Please correct me, if my analysis is wrong.This is for my educational purpose and my understanding sake only. I always allows suggestion on this. please respond to this.NSE:NTPC
NTPC bearish pinbar formation?
check chart for details