NTPC trade ideas
NTPC Looks weak !!NTPC : cmp : 130.2
A H &S kind of pattern has been form in 2H chart as well as daily chart.
Making lower lows for 3 days.. Facing resistance near 133-135 level.
Closed below all important moving average.
May test 124/120 level.
View negated above 133.1 level.
Sell on rise candidate.
Can take position in future and option also.
if it opens lower wait for the bounce for shorting.
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Swing Opportunity in NTPCGo Long above 132.6 for Targets of 137.3, and 142 with SL 127.9
Reasons to go Long :
1. On a Daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. In addition to this there is a gap that is yet to be filled.
5. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Weak🔴 Strong profit booking seen post results. Stock down 7.11%.
🔴 RST-SAR system has given a trend reversal signal on 2D TF.
🔴 On the weekly chart it has formed a #TweezerTop pattern.
🔴 As per #VSA it has made #TopReversal pattern on daily TF
🟠 Stock can revisit lower levels. TGT: 127/123117.8/112.8
YR 2022 Idea #4: Long on NTPCThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Simple Trade Setup | NTPC | 28-01-2022 [INTRADAY]NSE:NTPC
Due to monthly expiry, it couldn't give proper move.
Again selecting this for tomorrow. most of levels remains same as per previous one.
Trade Setup for 28-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NTPC | 27-01-2022 [INTRADAY]NSE:NTPC
Trade Setup for 27-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NTPC 350+ ?? Possible.. Best Ride in CashSo, let’s not forget the great power crisis we were in just few weeks back. India did not have enough coal they said.
Let’s not forget March starting AC will be running and we will need gigantic supply of power.
Let’s also understand that everything else has ran up quite significantly and needs a breather. Coal India and NTPC have not run so much.
Best time to buy NTPC and Coal India in cash now. Sell in August - October 2022 timeframe.
Targets are marked in green line.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
NTPC Breakout Retest Confirmation on WeeklyNTPC broke out of its decade long weekly resistance line in Sep'21. The breakout was supported by push in volume. The stock did a retest of the trend line and has now started its journey toward the direction of the breakout.
Longs may be initiated in 119-137 zone with targets of 155/190. Stop loss below 119.
Simple Trade Setup | NTPC | 21-01-2022 [INTRADAY]NSE:NTPC
Trade Setup for 21-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Expecting To Witness a Bullish Move in NTPCAs per the 2 Hour Chart of NTPC LIMITED, we have witnessed a Formation of “Morning Star”.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 136.20, 138, and 140.10. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 133, on closing basis.
Closing Price (as on 19.01.22) : 134.70
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NTPC : Keep a watch on NTPC [Re 7-40%]Keep a watch on NTPC, chart structure in continuous upward with proper support and resistance. Multiple time price rejected from level of Rs 146 and expect minimum return of 7% from current level & if multiple year resistance broken, stock may generate further return of 30-40%.
The power and energy sector is looking positive, donn't miss the theme.
Thanks
Disclaimer : Consult your financial advisor for trading, investing and risk management.
Simple Trade Setup | NTPC | 17-01-2022 [INTRADAY]NSE:NTPC
Observations:
1) On 1 week time frame, we can see that it is near the breakout range again.
This time, if it gives breakout of it then we can see a big up move again. 136 is immediate resistance. Major breakout range is at 140 level.
Please refer below chart : 1 week Time Frame.
2) On 1 hr time frame, it made rounding bottom pattern. If it gets activated then on breakout of neckline we can see up move.
And if it fail and we can also see big down move.
Please refer below chart : 1hr Time Frame.
3) On 15min time frame, we can see support channel.
Breakdown of it we can see down fall. But one 15min red candle should close below it.
Please refer below chart : 15 min Time Frame.
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Trade Setup for 17-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.