NTPC looks bullish above 164 onlyA classical Cup=and-Handle pattern is just completed. Volume is not that great, but moderately OK. The current level where it is closed is near a good resistance level. Trend is clearly up.
If if breaks about the high of 164, boom. SL : 156. (Target: Honestly I am not getting .. going back to the chart not helping me).
Just keep an watch on this .. if it goes above 164 (with higher volume that today), just go long.
NTPC trade ideas
NTPC Ltd (NTPC) @breakoutlevel NTPC Ltd (NTPC) @breakoutlevel
NTPC Ltd (NTPC) strong breakout with high volume and momentum created in day chart. delivery 63% so strong upside. BUY above 159.08 . NEXT TARGET 160.9 ,161.6,165.7,171.25 Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you
BLACK GOLD WILL SHINE Ntpc Limited looking bullish on weekly chart given breakout on falling resistance trendline and given breakout on macd indicator too with positive crossovers score seems more bullish trend is coming in this stock. On the basis of peers to peers study it is also looking good.
CAUSE OF LONG -:
1- Breakout on falling resistance trendline.
2- Positive crossovers on macd indicator.
NTPC Looks BullishNTPC On the Daily and Hourly Charts looks Bullish, We are entering into Buy into Cash Segment at Current Price 155 With Stoploss below 150 For the Targets of 165.
Reasons For Buy:
# Trendline Breakout
# Retest Breakout Levels.
# Continuing Uptrend.
# Quarterly Results in Line with Expectations.
NTPC - Bullish View (Watchful, Inverted H&S / Flag & Pole, BBC)NTPC has already given breakout of smaller time frame with smaller targets.
There is little resistance on mid-line of up-trending channel at current closed price level, Previous incidence doesn't support much on resistance on the mid line, However price may move with high momentum to top of the channel around Rs.175
Breakout candle :-
1) Breaking out Angular trend line
2) Breaking out flag & Pole / Inverted H&S Neckline
3) Challenging Upper Bollinger band
4) DI+ crossing DI- with ADX above 16
5) Relatively High Volume
6) RSI - 70.72
7) ema crossover 5>13>26 happened before 20th July
8) Broken out resistance line by multiple bearish setups having major resistance B1,B2,B3
Disclaimer: This is for information and educational purposes only, not any recommendations to buy or sell. I am not SEBI registered, please consult your financial advisor before taking any action.
NTPC - Short Term PickNTPC - Short Term Pick NSE:NTPC
Stock is showing high signs of long term reversal technically (on weekly & Monthly charts) as well as fundamentally and with ongoing uptrend in market it is ready to catch up with the trend soon.
Broken the trendline resistance as we can see on charts and heading for weekly & monthly resistance around 180-190 range in few days to weeks. Stop Loss at 145 is somewhat lower considering any surprise fall in overall market. Once crosses and closes above 160 then it may roll up to Target zones at very fast pace . The Potential Risk Reward is favorable at current price and also one can consider buying at lower prices if they wish to without modification of SL
Most of the Secondary Indicators like RSI , MACD are also supporting the bullish view.
Do Comment , share and "LIKE" if you find this info valuable to use .
Attached below few Related Ideas posted under my profile in recent time.
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
Beautiful Trendline BreakoutBeautiful Trendline Breakout With Good Volume, Wait For Retest Then Enter On Good Body Green Candle & Stock Is Already Up On 50 & 200 Ema.. I Find This Stock On Breakout & Add Some Quantity, After The Retest I am Add Full Quantity...
Tip: This For Only Education Purpose, Plz Trade Or Invest On You're Own Risk & Analysis...
Happy Trading...😉
NTPC LTD: Strong BuyNSE:NTPC shows strong buy indicated by RSI, IMI, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 175.60
Target 1: 154.90
Stop Loss: 140.50
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.