NTPC trade ideas
long till close below lineNSE:NTPC Be on long position till closing is below 116 with a target of 124
stop-loss (intraday ) 116.35
stop-loss ( closing basis )114.75
( Avoid taking new position, already having a position tail stop losses to have meaning full liquidity in pocket )
indicator and rating
RSI (98.02)
Buy rating- 0.5
Neutral Rating- 1
sell rating -3.5
MA/ EMA cross over
( positive Trajectory ) Bullish
MACD (2.79 still bull run remain)
Buy rating 2
Neutral Rating 2
sell rating 1
NTPC LTDSelf Explanatory!
This is NOT a trade Recommendation. Its for learning purposes with the community. Please use discretion. Your Money, Your Risk and Your Responsibility.
Comments are welcome
Flag Pattern + Breakout in NTPC LtdFlag pattern is common and continuation chart pattern in trading.
NTPC Ltd formed Flag Pattern + Breakout completed in daily TF
1. On 7th June Breakout completed and retest phase in progress
2. Since its continuation pattern price started from channel bottom of 97.05 level
3. Can add now until 112 for avg price
4. At present volume is ok level
5. 1st target is 123 and 2nd target 131
6. SL for this candidate 107 on daily close level
7. Additional confirmation RSI above 60+ level and MACD crossover done
8. This is 1:3 RR candidate
Disclaimer: Views are for educational purpose only
You are welcome to post your comments
NTPC: RSI Breakout RSI Resistance breakout after long time.
Power sector boom.
It looks good above 115 and Target of 124,140+
Please consult your financial adviser before investing.
NTPC bullish channel Possible breakout
Bullish channel
sectorial analysis
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
NTPC - CUP & HANDLE STRUCTURENTPC has formed a cup and handle structure.
Breakout of the handle has given a confirmation.
[Diary] NTPC Bullish Flag PatternNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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NTPCAll details are in chart,if it crosses 112 and survive above it then breakout can seen on upcoming weekend.
Please note this not for trade or something this is for knowledge purpose.
Its forming a Cup and Handle Pattern... Target 125NTPC forming a cup and handle pattern, target 125, Time 1 month.
NTPC 1D TF Multiple touches on ascending trendline.
Seems like cup and handle, Been in a range for the past few trading sessions.
A good volume breakout could trigger a climb beyond 122.
Buy NTPC at 113.15, T - 116.70, SL - 111.25Swing Buy NTPC @113.15, T - 116.70, SL - 111.25
Higher High Higher Low pattern & trend-line breakout
