#NTPC completed a 5,3 cycle on a 15Min timeframe chart.
Where,
Wave 2 retraced 0.382 Wave 1 and
Wave A is equal to Wave C.
Which now suggest a further rally to upside from here.
NTPC Ascending Triangle formation on daily timeframe. Good setup for swing trade, wait for clear breakout and keep stoploss 171 (CB).
Entry: After breakout of pattern
Stoploss: 171 (CLOSING BASIS)
Target: 1:2
CMP: 182.05
ntpc for a swing trade wait for a price retraced at orderblock make sure wait fot ltf confirmation then enter stoploss below the ob zone and follow your rr ratio nd position sizing according to your rpt.
if remains above 184 then expect near term breakout.
Fibonnaci projection could be test in due course of time with volatility.
An observation of trend line breakout.
INTRADAY DAY
NTPC Looking good for upside..
When it break level 192.65 and sustain.. it will go upside...
BUY@ 192.70
Target
1st 193.80
2nd 194.95
FUTURE TRADE
NTPC JUL FUT – 9 LOT (Qty-27000)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
NTPC - Call Option Looking very good for long.
NTPC 190 call July Contract currently trading at 8.40
Can enter at current market price (7-8)
Lot Size -3000
SL- 3.5
Target- 12-14+
For Educational Purpose only
NTPC looks long making ascending triangle breakout with perfect volume so keeping the target of 206. The target is derived from widset legs of the triangle.
NTPC has given a strong breakout above a resistance zone that was tested multiple times and is now approaching a retest of this zone, which is expected to act as a support zone. Based on this setup, a swing trade opportunity may be considered.
Entry: A long position can be initiated after the close of a strong bullish candle near the flip zone.
Stop Loss: A stop...
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or over analyse
5. Treat this as your Business and get serious about it
