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
NTPC trade ideas
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.
Ntpc Limited- Long Setup, Move is ON...#NTPC trading above Resistance of 208
Next Resistance is at 291
Support is at 138
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BUY NTPC--Breakout stock
--Target Blue line (swing trade)
--consolidating near breakout region
--good for mid and long term too
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: The Stock That's Making Investors RichBULLISH TECHNICAL ANALYSIS
NTPC has recently broken out of a major resistance level on the daily timeframe. This is a bullish signal that suggests that the stock price could continue to rise in the coming days and weeks.
The stock is currently trading above its 200-day moving average, another bullish indicator. The 200-day moving average is a long-term trend indicator that shows the average closing price of the stock over the past 200 days. When the stock price is above the 200-day moving average, it suggests that the stock is in a long-term uptrend
The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price movements. The RSI is currently above 70, which is considered overbought territory. However, the RSI has been above 70 for several days now, without pulling back. This suggests that the stock is strong and that the current uptrend is likely to continue.
FUNDAMENTAL ANALYSIS
Here are some fundamental factors that support the bullish analysis of NTPC:
• NTPC is a leading power utility company in India: NTPC is the largest electricity generator in India, with a total installed capacity of 62,132 MW. The company has a diversified portfolio of power plants, including coal-fired, gas-fired, and hydroelectric plants.
• NTPC has a strong financial position: NTPC has a strong balance sheet and a healthy cash flow. The company's net profits have been growing steadily in recent years.
• The Indian power sector is expected to grow rapidly in the coming years: India's economy is growing rapidly, and the demand for electricity is expected to increase correspondingly. NTPC is well-positioned to benefit from this growth.
• The Indian government is supportive of the power sector: The Indian government has been implementing a number of policies to support the growth of the power sector. These policies include providing subsidies for renewable energy projects and allowing private companies to participate in the power sector.
• NTPC is a well-managed company: NTPC has a strong track record of delivering value to its shareholders. The company is managed by a team of experienced professionals.
Here are some additional supporting factors that might influence the analysis:
• The price of coal is expected to remain relatively stable in the near term: Coal is the primary fuel used by NTPC's power plants. The price of coal has been relatively stable in recent years, which has helped to reduce NTPC's costs.
• The Indian government is promoting the use of renewable energy: The Indian government is promoting the use of renewable energy, such as solar and wind power. This could benefit NTPC, as the company is developing a number of renewable energy projects.
• The Indian economy is expected to continue to grow in the coming years: India's economy is one of the fastest-growing in the world. This growth is expected to continue in the coming years, which would benefit NTPC as the demand for electricity increases.
TRADE OPPORTUNITY
Based on the technical analysis, a good entry point for a long position in NTPC would be around the current price of ₹245. The stock has a target price of ₹295.00, which is based on the breakout from the major resistance level. The stop-loss level should be placed below the breakout level, at around ₹240