NTPC, another PSU posted solid results and in good setup. Results:
Solid Q4FY24
Rev at 47622cr vs 44253cr
Other inc at 1194cr vs 491cr
PBT at 8375cr vs 6026cr, Q3 at 5134cr
PAT at 6490cr vs 4871cr, Q3 at 5208cr
Solid QoQ and YoY uptick
OCF at 40784cr vs 47151cr
TA:
Horizontal Line Setup, will be better if it adds a bit of consolidation right here near this level n BO.
NTPC trade ideas
The flag pattern is a popular chart pattern used in technical an
The flag pattern is a popular chart pattern used in technical analysis. Traders can enter into a trade when the price breaks above or below the upper or lower flag trend lines. The main step is to look for a sharp price move followed by a consolidation period that forms a flag shape to trade for flag patterns.
cup and handle pattern A cup and handle is a technical chartcup and handle pattern SL - 358
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
NTPC bullish; above 369 ? - Thursday 2-May.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Opinion: NTPC - 400 MarkNSE:NTPC gains traction over a past few months. Company tends to improve the energy generation process and also exploring clean energy generation. For long term, NTPC holds value and growth potential - Energy demand for future will rise by considering consequent heat wave across India due to global warming effect. Also expansion of Industries, extra luxury celebrations, parties will add benefits to Energy production companies.
* NTPC is a Top Indian Independent energy producer, with 25% of total market share of entire energy sectors.
Trading Setup:
* NTPC - May trade with the range of Rs.300 - Rs 400.
My Reasons- After it crosses Rs.220 Mark, Volume starts to build up. So, current negative sentiment as of 28/Apr/2024 - put fear in overall market but NTPC holds with the range of 300-400. Breaking 300 is also a buying opportunity for every drops. Holding negative position can compensated through its high dividends. But I'm Long on NTPC which would break the upside 400.
TECNICAL ANALYSIS@NTPC LTD Price Breakout after long Time Consoliate(all time high-2008) with supporting Volume on Weekly Basis
Technical
Super trend-positive
RS-Positive
RSI-above(50)
Fundamental Analysis
Revenue- Qtryl Basis Good
Margin%-GP & EBITDA(25% to 30% near about)-Very positive
D/E-1.5 time(very Negative to me)
Total Debt to Assets(%)- 48%
Interest Coverage Ratio-3 time of EBIT(Positive Sign)
Strategy-Buy on dip
Strict Stop Loss-Super trend
Revenue and Margin Looking good but Debt to Equity ratio is very Negative to me but Interest coverage ratio is positive.
Disclaimer-Please do your self study before take position or consider. this analysis only to me and not to any recommendation(buy and sell)
Crossover Trade - NTPC📊 Script: NTPC
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
Key highlights: 💡⚡
📈 Script is trading near upper band of BB.
📈 Already crossover MACD.
📈 Double Moving Averages are on urge of crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 351
🟢 Target 🎯🏆 - 374
⚠️ Stoploss ☠️🚫 - 343
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
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- 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