NTPC trade ideas
View on NTPC #1 hour ChartShorting and buying opportunity in NTPC....
Head and shoulder and a Harmonic ABCD has formed...
Shorting - Sell only if price closes below 96.40 Target 1 - 93.40 target 2 - 91.80 Target 3 - 89.05
Long - Buy Between 88 - 89.05
can hold for the target of 96 and 100...
Share your views in comments...
NTPC Long - Anticipating MACD + UptrendAnother long trade based purely on the trend and the anticipation of a MACD cross. I do not use stop losses but you can set one for yourself based on the information on the chart. Most of the long trades are likely to be correlated to the broader markets, so any change in the index is likely to influence the price action. We seem to be in an extended bull market, but it can only go on for so long. Regardless, my previous trades on similar technical analysis seem to work out, so here is another one. I am not an expert or a financial analyst of any kind, so do your own due diligence.
BE CAREFULL ON NTPCNTPC HAS FORMED HEAD AND SHOULDERS PATTERN!!
BE VERY CAREFULL AS THE PATTERN IS ON DAILY CHART ITS MORE POWERFULL !
DO NOT TAKE ANY POSITION WITHIN 96 AND 101
U CAN SHORT BELOW 96 IF IT BREAKS WITH GOOD VOLUME OR U CAN WAIT FOR RETEST AND SHORT IT!
AND U CAN GO LONG ABOVE 101 OR 102 WITH GOOD VOLUME AS IT CAN ALSO FORM FAILURE HEAD AND SHOULDERS PATTERN!
BE CAREFULL WHILE TAKING A POSITION
ILL AVOID TAKING POSITION TILL MY LEVELS REACH ;-)
NTPC - Descending channel formation at monthly time frame NTPC - Descending channel formation at monthly time frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Bearish Head and Shoulder + Double TopNTPC has formed a prominent H&S Pattern on the daily chart and a bearish double top pattern on the weekly chart.
The run seems bearish for mid term. If the neckline breaks, One can see a fall in couple days.
Levels are marked on the charts !
Educational purpose only. Trade at your own risk.