NTPC trade ideas
Short NTPC Target 111-109, SL 121NTPC is not looking good and one can short NTPC at current price for the target of 111-109. This will be the positional trade.
NTPC Showing Bearish Signals NTPC showing HEAD & SHOULDERS Chart Pattern.
Stock Likely to Go Downwards up to Levels of 63 to 70.
Entry : Rs. 117
Target : Rs. 63
Stop Loss : Rs. 123
Looks Nice buy Limit Can place on 115.95NSE:NTPC trying a buy limit on 115.95/- looks worth a investment
NTPCNTPC after falling nearly 18 % from its highs has been consolidating in a range.
It has formed a nice base .
Long buildup is seen in the stock where in OI rose by 1.6 % today.
Option chain is suggesting a good support at 117.50.
This stock is a buy with a price target as below.
T1 :- 127
T2 :- 133
T3 :- 143
Kindly scale out your position on T1 / T2 and T3 targets.
NOTE :- None of my analysis for taking position in options.
I dont trade in options nor do i recommend to do the same.
Bank Nifty is Neutral Bank Nifty is not showing any sign of Uptrend or Reversal, and it made a bullish candle just because of the rally in Yes Bank but now I think the momentum may be lost and a semi-downtrend can be expected.
NTPC retesting its breakoutIts a swing trade after breakout of the triangular pattern on daily chart it is coming back for retesting keep sl and target as shown in chart and trail it on every target.
NTPC - Corrective pullback ending soon?The stock seems to be into a corrective pullback. The RSI is halted near 60 levels and curled down. The correction may take the shape of ABC pattern. Breaking of the upward sloping channel will confirm the pattern.
Bad news for NTPC. Go for shortHi All,
NTPC had provided a nice breakout from inverted head and shoulder pattern. But, we had received bad news from the union budget 2019. So, now NTPC has given a breakdown for an ascending triangle.
Exchange: NSE
Sell : 136.45
Stop loss: 139.75
Target: 119
Regards,
Vikram
Bullish cypher & upward rising wedgeWe can see a bullish cypher along with an upward rising wedge forming on a shorter time scale.
NTPC 120 || SHORT || INTRADAYIt may touch price levels of around 122 and then reverse towards the downside.
SELL below 120 SL 122
Targets 118, 117, 115, 112, 110
OR
NTPC 29AUG 120 PE (₹0.65), 117.50 PE (₹0.05)
