NTPC LongThe bottom trend line indicates that the price is making higher lows, while finding resistance at Rs.99. This provides a good entry point at CMP with a target at about 100 while keeping SL at 90.5
NTPC trade ideas
Next Move ( Up coming )I am looking this kind of development in this scrip , One can wait for splash drop to complete and Look for Buy set up with reversal
It will make one more move up before heading short move correction in the price
Short ntpcLast 6th -4th candles are rejecting candle .
Ema 100 work as resistance and also 100 is resistance
And Ascending triangle breakdown /trend line break down with big red covering candle
NTPC - Ascending TriangleNote: This is for educational purpose only.
NTPC has formed an ascending triangle on daily chart. Breakout above 101 should give a fresh move upwards. RSI and MFI above 50 shows price momentum and volume is in bullish zone.
Stay Tuned for the NutsAnalysed levels mentioned on chart!!!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
NTPC NEAR BREAKOUTThe stock have given a good ascending triangle formation on the 4H time frame. it's continuing it's trend towards upside and it indicates a pure chance for breakout
It might face a resistance at 105 region after breakout
""Do your analysis and go for the best keep proper STOPLOSS and Trade Safe!!!""
NTPC wait for the brekoutAfter breaking longterm resistance stock is moving in a triangle pattern
Wait for the breakout to go long
NTPC WEDGE FORMATIONWe can observe that their has been formation of ascending triangle forming a wedge and the price breaks the upper resistance at 94.
This means that the buyers are aggressive and the investors could fill in the positions when the price breaks resistance at 94
NTPC Long PositionNTPC go Long if it breaks the resistance of 98.
Ist Target - 104
2nd Target - 109
Stop loss - 90.20
Today It has almost 47% delivery
