In 15min TF, we can see that there is a descending triangle pattern. It can breakout either side in Intraday.
We can go LONG if it breaks the Resistance @ Rs150-155/-
If the price breaks the trendline of the triangle, we can go SHORT. The nearby support is at Rs. 145-147/-
just for educational purposes
case study
not every W shape or M shape is an harmonic
harmonic follows strict rules
like B point should be 0.786 retracement of XA leg
And C point should be 0.886 or 0.382 or in between if near values good and is retracement of AB leg
and D 1.618 or 2.24 of BC and 1.27 of XA
these are for butter fly for other patterns retracements...
My Friends, As we can see that what is happening in NTPC. After a big fall NTPC is Continuously Trading in Rising flag pattern.we know that this type of patterns indicates towards bearish Momentum. Our view is totally brearish side on this. We can short this when price Cross below 153 & show bearish rejection with the accurate target 🎯of 150, 148.We can also add...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
After breakout, NTPC came back to downtrend line and retested it.
From this level, it is showing a bullish move.
So, initiate your trade for a short term with strict stop loss.
(Disclaimer: For educational purposes only)
NSE:NTPC
Observations:
1) On 1day Time frame, we can see it is between resistance and support trendline and making triangle pattern.
Please refer below chart : 1day time frame.
Same chart on 15min TF.
Please refer below chart : 15min time frame.
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Trade Setup for 30-05-2022
1) Don't Jump in to trade at the...
NSE:NTPC
#NTPC shared yesterday and it bagged 2% till now
#NTPC 140CE 22k/lot bagged 🔥🔥🔥🔥
Wish everyone bagged good money with learning experience 👏👏👏👏
Check out the other stocks with levels shared and delivered good results.
Happy LEarning !!
NTPC is 2hr demand zone it is corrected from levels of 160-159 to 150.05 and enter in Demand zone.
stock is also near to its 52 wk. high that is 166 it has strong support near 148.85.
one can enter in it from CMP that is 152.55 with SL 147.50 for short term.
Medium Term View
Stock facing resistance in 160-150 Zones.
Selling Pressure will continue towards 140-127 Levels if above Resistance Zone not taken out on Weekly Closing Basis.
NTPC is looking bullish after a big breakout that played out on Friday, with NIFTY CPSE index also showing strength. Has had a long consolidation in the background.
![NTPC: Intraday Levels | NTPC | 30-05-2022 [INTRADAY]](https://s3.tradingview.com/w/WWAIGAtc_mid.png "Intraday Levels | NTPC | 30-05-2022 [INTRADAY]")
