NTPC trade ideas
NTPC ON THE VERGE OF BREAKOUTNTPC is making an ascending triangle pattern from 4th June 2021 and is on the verge of breaking out.
Can go long above 121 with a High Volume Breakout and retest for the following targets.
T1-127
T2-145
NTPC, DailyNTPC is respecting the trendline beautifully. It is near the trendline and can reverse from here for targets of 119 and 120.8, with sl below 117.
Above 121 closing a fresh breakout can be observed in NTPC.
Symmetrical Triangle in NTPC.A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
2. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
3. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point. The stop-loss for the symmetrical triangle pattern is often just below the breakout point.
NTPC 15-20% upside potential in positional tradeInverse head and shoulder pattern formed in weekly as well as daily chart which can fetch you around 15-20% return within a time frame of 2-3 month.
BUY between 116-119 for a target of 123-132-140
STOP LOSS- 114
FAVOURABLE RISK REWARD RATIO of 5
Possible good trade in NTPC - Technical Analysis👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
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NTPC Multiyear breakout any time : weekly timeframeNTPC Falling wedge pattern its a bullish patternif it breaks that level ther are chances of huge upside ...
NTPC : Go longNTPC : Go long
As per strategy#1 we may see good move above 120.20
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
NTPC LTD: HI everybody it is a good pattern you can see it is in the from of "ascending triangle"
:Wait till the buy point and you can have your trade.
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Example of Markov ChainLets start with an example of NIFTY. Tomorrow, NIFTY can have three states -
It can either end in green.
It can either end in red.
It is in the same place.
Note - On any given day, NIFTY will be following one of these three states. Now, as per the theory of the Markov Chain, We need to assume that, tomorrow's state of NIFTY depends on today's state.
So, What happens today is dependant on yesterday's state and so on!
In other words - there is a way to predict what will be the state of NIFTY tomorrow if you know the state of NIFTY today.
This diagram shows an example of such a Markov Chain with assumptive probability values
#84 SURE SHOT NO DOUBT#84 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
Leave a comment that is helpful or encouraging.
Educational view / Expecting this / NTPCWait for the breakout 1st
trade with your own risk
its not an buy or sell recommemdition
NTPC:Multiple Resistance testsNTPC looks weak
It has area of imbalance at the bottom side if the support area is taken out
Take entry for sell side/PE calls if the support is out
Cheers!
NTPC - Cup and handle pattern1. NTPC has formed cup and handle pattern with rising trendline in weekly TF
2. Increase in volume since August 2020'
3. Higher high and Higher low in weekly TF
4. There has been slowdown in volume activity in the past few weeks. So try going long only above 115
Levels are mentioned in the chart
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Please stay safe. Happy Trading!
