NTPC Positional Analysis 28-Oct-2017CMP 181.95
Sup: 153/107
Res: 189
As long as 153 supports, we will see 187 again and further , 241-251, , 319, .
Buy on dips is my strategy.
Best buy level: 168-160 or buy above 189 for the above targets.
NTPC trade ideas
NTPCCup and handle breakout, initial tgt = handle size, subsequent tgt = cup size.
Keep appropriate stop loss.
#NTPC - Ascending TriangleNTPC has formed ascending triangle pattern on weekly chart. Close above 178-179 will fuel further rally.
NTPC Triangle breakoutNTPC price action has given a triangle breakout add near 162/167 for target 177+ stop loss below 158
NTPC for buyNTPC from daily support made a breakout today,it seems good buy with in rang 165.50/166.25 with sl~164.5 for tgt~170++ within 1/2days
NTPC: GOOD to Accumulate, GST Impact Negligible.NTPC: @ 155.90
GOOD to Accumulate, GST Impact Negligible.
Technical Indicators Nearing REVERSING zone.
Double Bottom @ 155- @ 155.30 zone.
Possible Pattern "W" after Bullish ALT BAT .
LONG for accumulation .
TGTs: Plotted on Chart.
More Updates Later.
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Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
NTPC ShortI drew this triangle a few days ago and the price actions has been obediently following the pattern.
The price should eventually break on the downside if all goes well. 156 at least is very good short term target even if the triangle bottom is not taken out.
This is a continuation pattern so a good probability of downtrend continuation. COALINDIA is similar stock.
ntpclooking for buy opportunity in ntpc right now facing selling pressure but bull power can be seen from the fibo level placed at 150 . hold of 150 will confirm bull intact and targets can be 177.20,198.75,220.20
NTPC : Descending TriangleStock has been bouncing back repeatedly from the 61.8% fib level of previous up leg.
One can enter long at 155-156.5 levels, play with a strict sl .
Lets see if it gives a breakout from the triangle.
Bullish Gartley or Bullish Butterfly opportunities in NTPCIn the current Bull market for buy on dips strategy will reward better.
We have potential Bullish Gartley as well as Bullish Butterfly possibilities.
If we observe Fibonacci ratios, potential reversal areas come around 150 - 154 zone.
Stop loss can be determined after confirmation of the pattern activation.
Tentative stop loss - 148 .
NTPC : Making lower high and lower low and recent trendline BDstock is underperforming market and making lower high and lower low and recent trendline break down suggest stock may slide till 154.6-150.9 sl 164
NTPC nearer to trendd REVERSAL NTPC: LTP @ 160.45
Taking Support near 0.618 fib retracement @ 160.2
Made a LOW @ 159.85 5 min Candle at 9.50 AM
& Above Previous day LOW @ 159.75 (Opening 5 min Candle of 08/05/2017).
So HL formation till Now.
Today Made A HIGH Above @ 161.30 HH also formed.
Some Indicator also are in OverSOLD.
