the price is trading in the side way,right now it bounce back from the support.so i see a nice risk reward in this trade.do your analysis before making this trade. swing trading risk not more than 3% of your capital........do follow me for more analysis
Buy at CMP for 88, 89, 90 with SL at 87.
Keep trailing SL as Earnings Release can lead to large upward movements.
Please adjust for Future Prices.
or Go Long on Aug 90 CE
The Hammer + NIFTY trend suggests an upward movement is on for tomorrow.
The idea is supported by FIB retracements, both for the recent fall & overall COVID fall.
Positional trades:
Buy above 88.65 for Risk-takers & above 89 for the risk-averse for targets of 90, 91, 92.5 & 94 with SL at 86.8
NTPC has been steadily falling with average volume falling, meaning that the market makers/smart money are not interested in selling and are waiting for a buying opportunity. Price is near support/accumulation zone and this is where market makers will absorb all the sell order by buying. Falling wedge needs to be broken out for NTPC to move higher.
Target is 100,...
Trade setup in NTPC
Buy NTPC future at cmp for target of 96 with PUT option of 88 if its closes below 88 then square off future poition and hold put option till it reaches to 85 .
Total margin required for this trade around 40K.
Trading in derivative instrument may result t loos of capital.
The stock is trading near the support of curve line.
The stock is trading in between 100 and 90 price.
The stock can be Bullish from this level and can move till 99.5.
Below 88.65 stock can be bearish .
The stock is trading near the support of curve line.
It has already formed a M-top pattern that is double top.
The stock is trading in between 100 and 90 price.
The stock can be Bullish from this level and can move till 95.64.
Below 88.65 stock can be bearish.
