NTPC trade ideas
Long NTPC for target of 118NTPC has retraced 61% (fibonacci) from previous high and has very strong support at 84.90 which is also its life time support. Risk to reward ratio is favourable
This is positional trade and may take couple of months to come.
Buy for Target of 103, 109 and 118
Stop Loss : 84.90 (weekly closing basis)
If close below 84.90 then short for target of 79.40, 73 and 68
BREAKOUT TRADE - CPSE StocksAlmost all CPSE stocks have shown great momentum today with massive volumes coming in at this price clearly depicts value buying at these levels. NTPC is hovering around its strong resistance level and breaching the level of 103 will help it rally more for the upside journey. Classical flag and pole pattern formation and the daily RSI clearly confirms the charge of bulls supported by maasive intra-day volumes and good delivery percentage.
Wait for the right price action (let it give a clear breakout and cross its key level)
Similar view for COAL INDIA and OIL
Risk averse investors can look for great buying opportunity in CPSE ETF which has also given a good breakout and is catching momentum. Risk to reward looks good at this level!
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!
NTPC Short I hope you can now see how NTPC represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Example presented in these chart is for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NTPC is trading in a channel - 1 Month Time PeriodNTPC is trading at it's crucial support for the last 4 months.
Provided the RISK/reward ratio in the chart.
Maximum support is at 85.8, I have given SL as 84.7 to be on safer side. Targets are 89.8, 92.8, 96.15, 98.6.
Minimal Stop Loss, But Maximum Profit.
-> I might not post my ideas regularly, but when I post, they are SURE SHOTS. Please let me know your opinion on my ideas.
NTPC: An Experiment - many trading opportunities on the Go
NTPc is at the bottom of the Four month consolidation range. Behaviour of price is yet to change from downward to upward. prerequisite symptoms for reversal are visible.
This positional trade will be providing many short term long and short opportunites. I shall be updating these trading opportunites on the go. Stay tuned to the Idea.
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.