NTPC: Will it break ATH and move aggressively?Recently, NSE:NTPC showing strength and buying pressure is building up constantly. Volume of past weekly data shows huge buildup is taking place near the marked yellow zone.
While considering open interest of the future data , at Rs.450 there are huge call writing have been taken place. But current future vale of ntpc is at Rs.455, maybe we can see huge selling or a very aggressive breakout when every 9577k call writers close their positions.
Anyway, company announced that, they are going to generate more energy in 2024. So, we can assume there is a potential demand for it.
NTPC trade ideas
NTPC- Previous high of the stock was made in 2008 which has been crossed in 2023, monthly chart shows good picture of the stock, this chart is to hold stock at least 2 to 3 years time frame, this stock can give good returns in coming weeks, so All PSUs and PSBs are also breaking thier previous highs, some of are good choices to hold for next 3 years, the stocks are :-
1. Coal India
2. PFC.
3. ONGC.
4. POWERGRID.
5. PETRONET LNG.
6. BHEL.
7. SCI.
8. CANBANK.
9. INDIANBANK.
10. BANK OF BARODA.
- In fact, one can look for PSU ETF Or PSUs mutual fund, BHARAT22ETF also be good choice.
- By putting MACD, RSI, volume and 20 days, 50 days and 200 days moving averages one can analyse the trend, see the chart on 4hr time frame, One day, weekly and Monthly time frame is good for trading and investment. Volume shows the interest of traders and investors.
- There is lot of importance of all these indicators. Read about the importance of all these indicators on Google or invespedia, so you can also save yourself and others from making losses.
NTPC U TURN POSSIBLE NTPC can give a good intraday or 2 days momentum.
Entry after sustaining above 303.5 or 304
Stop loss at 298
one can go for targets like 307, 310, 312-315++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
NTPC to take long EntryLong NTPC above 319 for the next move of Rs 350-360 with SL of 297. The stock is in strong bullish mode & a high probability that the stock will break out of the strong resistance area. Accumulation near the resistance area is a high probability. sup [port of 50 EMA is another bullish sign along with RSI level above 60 on the weekly & monthly chart. This is for your educational purpose only.
NTPCA Guide to Trading Bullish and Bearish Pennants | IG US
A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines.
ntpc head and shoulder head and shoulder pattern has formed at daily chart
13 Days ema cross over done
below the ema cross over line bearish engulfing candle has formed
elliott correction wave has formed
short position if the candle goes below the engulfing candle
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
NTPC ready for fall till 260 and beowOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
NTPC NTPC can make another high if gives a proper close above 317
entry above 316.7-317.5
with 313-313.5 as Stop loss
for Targets of 320, 325 and above.
Note: if any trade or value thats gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
BUY NTPC--BUY NTPC for short term
--darvas dox breakout and re-test
--volume built up
--Target 349
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
NTPC - SWING TRADE - 28th December #stocks#NTPC (1D TF)
Swing Trade Analysis given on 28th December, 2023
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup at Resistance - Done ✓
- Breakout of Resistance - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #ntpc
POWERful flag Breakout in NTPCIntroduction: NTPC is India’s largest power utility with an installed capacity of 73,824 MW (including JVs), plans to become a 130 GW company by 2032. Established in 1975, NTPC aims to be the world’s largest and best power major.
NTPC has comprehensive Rehabilitation & Resettlement and CSR policies well integrated with its core business of setting up power projects and generating electricity. The company is committed to generating reliable power at competitive prices in a sustainable manner by optimizing the use of multiple energy sources with innovative eco-friendly technologies thereby NTPC is contributing to the economic development of the nation and upliftment of the society.
A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:NTPC
Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price
MACD gave Positive crossover on Daily chart and Monthly chart and weekly chart, it is expected to move towards the positive territory. So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 245 levels with the stoploss of Rs. 227 on weekly closing basis. The 1st target will be 259.25 , 2nd target will be 277.10, 3rd target will be 295.20 and 4th target will be 309.65.
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.