📊 Script: NTPC
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
Key highlights: 💡⚡
📈 Script is trading near upper band of BB.
📈 Already crossover MACD.
📈 Double Moving Averages are on urge of crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 351
🟢 Target 🎯🏆 - 374
⚠️ Stoploss ☠️🚫 - 343
⚠️...
A Weekly On-neck breakout pattern is visible on the charts of NSE:NTPC
MACD gave positive breakout on weekly and monthly charts and may give positive breakout on daily chart.
One can look to create a fresh position in the scrip as per levels mentioned in the chart.
This study is for educational purpose only.
Recently, NSE:NTPC showing strength and buying pressure is building up constantly. Volume of past weekly data shows huge buildup is taking place near the marked yellow zone.
While considering open interest of the future data , at Rs.450 there are huge call writing have been taken place. But current future vale of ntpc is at Rs.455, maybe we can see huge...
@NTPC LTD Price Breakout after long Time Consoliate(all time high-2008) with supporting Volume on Weekly Basis
Technical
Super trend-positive
RS-Positive
RSI-above(50)
Fundamental Analysis
Revenue- Qtryl Basis Good
Margin%-GP & EBITDA(25% to 30% near about)-Very positive
D/E-1.5 time(very Negative to me)
Total Debt to Assets(%)- 48%
Interest Coverage Ratio-3 time...
The trend is already gone. But posting for the example of my pattern breakout result. Still i can see the potential top target. But only when it retraces/retest on the trendline.
As per the daily chart, there is breakout in the stock keeping in view of MACD crossover, RSI is bullish standing at 64, so in the morning, 340 CE available at Rs 7 can be doubled if price action camr in the stock, stock is going to make new high in the coming days.
- Previous high of the stock was made in 2008 which has been crossed in 2023, monthly chart shows good picture of the stock, this chart is to hold stock at least 2 to 3 years time frame, this stock can give good returns in coming weeks, so All PSUs and PSBs are also breaking thier previous highs, some of are good choices to hold for next 3 years, the stocks are...
By Breaking Multiyear resistance and Sustaining above the ATH, Stock confirms the Longterm Bullish contender.
Buy on any decent crassh or Fall, because the stock has made Stronger Structure, which wont faily eassily.
NTPC Break the Major Hurdle Retest it & now showing continuation for UpMove we can see such good upmove in short term as well as Long Term
KEEP ON RADAR
NTPC can give a good intraday or 2 days momentum.
Entry after sustaining above 303.5 or 304
Stop loss at 298
one can go for targets like 307, 310, 312-315++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
Long NTPC above 319 for the next move of Rs 350-360 with SL of 297. The stock is in strong bullish mode & a high probability that the stock will break out of the strong resistance area. Accumulation near the resistance area is a high probability. sup [port of 50 EMA is another bullish sign along with RSI level above 60 on the weekly & monthly chart. This is for...
A Guide to Trading Bullish and Bearish Pennants | IG US
A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines.
head and shoulder pattern has formed at daily chart
13 Days ema cross over done
below the ema cross over line bearish engulfing candle has formed
elliott correction wave has formed
short position if the candle goes below the engulfing candle
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
