NTPC trade ideas
NTPC 1HRFor educational purpose only. It's not a call. Do your own analysis.
Trading in a channel pattern, just have to give breakout sooner or later.
Keep watching it.
Thanks
#breakouttrades
#priceaction
NTPC: Mid term view-BullishDaily MACD crossover may happen on upcoming days. Last 6 weeks it traded very flat when viewing weekly chart. So upcoming days it may go higher levels from this level.
WEDGE BREAKOUT | NTPCCMP looks good for more upside, for target of 138. SL will be below yellow zone
Simple Trade Setup | NTPC | 24-09-2021 NSE:NTPC
Observations:
1) On Weekly time frame, It has broken the range of 118-122 in last week and in this week it has maintained to stay above 122 level.
Any dip above 118 can be good buying opportunity if one wants to take long position in equity. SL will be 115. Target will be 130-135 for short - mid term.
Please refer below chart : Weekly time frame.
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Trade Setup for Date 24-09-2021:
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 respsective level considering how price action works near that level.
NTPC LONGLooks good for long in NTPC. as we can check a bit of retracement or retest and long position, just idea.
Buy after confirmation of the Swing High in NTPCWait for confirmation of the swing high
Enter in the buy-zone
NTPC Sectoral playNifty CPSE is heading higher, If NTPC leads the sector, it has to break a mega hurdle to fly higher.
NTPC breakout candidateNTPC have break the all-time high and the trend line which show a bullish momentum in it as whole power sector to be in focus.
Simple Trade Setup | NTPC | 15-09-2021NSE:NTPC
Observations:
1)On 1 hr time Frame: It has been trading in the parallel channel. Sustainable breakout from this channel will give upmove atleast till 117.50 easily.
Please refer below chart : 1 hr time frame.
2)On Daily Time frame: It has crossed above 21DMA and previously it has reversed from 100DMA. 21 DMA is placed at 115.44 level. If it able to hold above 21DMA(115.44 levels tomorrow) then we can see an upmove till 117.50 easily.
Please refer below chart : Daily time frame.
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Trade Setup for Date 15-09-2021:
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.
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.
Simple Trade Setup | NTPC | 14-09-2021NSE:NTPC
Observations:
1) On Daily Time Frame, we can see that it faced resistance from 21 DMA. Which is placed at 115.60.
Please refer below chart : Daily time frame.
2)On 1hr Time Frame: It has been trading with taking support from parallel channel.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 14-09-2021:
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.
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.
LONG term NTPCGood company
Target 121/140/152
SL 108
NTPC is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. Since then it has established itself as the dominant power major with a presence in the entire value chain of the power generation business. Fossil fuels it has forayed into generating electricity via hydro, nuclear and renewable energy sources. This foray will play a major role in lowering its carbon footprint by reducing greenhouse gas emissions. To strengthen its core business, the corporation has diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilization, and coal mining as well.
NTPC became a Maharatna company in May 2010. As of January 2020, there are 10 Maharatnas CPSEs in India. NTPC is ranked No. 2 Independent Power Producer (IPP) in Platts Top 250 Global Energy Company Rankings.
NTPC Breakout SOONon weekly chart, it has been taking support at 20W MA.
better risk reward on weekly and monthly.
price moving in a rising channel on weekly chart.
consolidated nicely between 110-120 for the last 2 months on monthly chart
lower trendline support placed near to current price.
above 120-125, it can swiftly move to 145 with in a month.
RSI indicating bullish strength on weekly.
NTPC -- Bullish... Add at GREEN and SL is REDNTPC -- Bullish... Add at GREEN and SL is RED
Add at dips and long-term trend in upside
A GOOD SWING TRADE OPPORTUNITY SETUP🎈🎀hello traders
this is a good chart making clear pattern and structure
you must do your own analysis
*its not a call*
thank you for watching :)
NTPC breakout????I'm new here. Can someone help me to interpret it.
Apart from trendline resistance, the pattern it is trading in will be called falling wedge???
As NTPC has declared the dividend date (10/sep), so, im expecting short term upside. Plus NTPC has been flat from last weeks.
Btw im an option trader.
Any insight given by u experts would be helpful.
NTPC Longhealthy consolidation.
Entry TL break
SL below the zone
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
