NTPC LTDLong
NTPC Ltd. - Daily Chart Analysis
This daily chart of NTPC Ltd. showcases a potential breakout setup, with the price action nearing a critical resistance level. The chart highlights the following trade parameters:
Entry: Around 411.95 INR
Target: 459.50 INR (Potential upside: 11.52%)
Stop Loss: 390.20 INR (Potential downside: 5.28%)
Risk/Reward Ratio: Approximately 2.18:1
NTPC Ltd. is currently trading within an ascending triangle pattern, a bullish continuation pattern, with potential for a breakout above the current resistance level. The Fibonacci retracement levels provide additional confirmation of support and resistance zones, with the next major target around the 459.50 INR mark. This setup presents a favorable risk/reward ratio for traders looking to capitalize on a potential breakout in the near term.
Entry: Around 411.95 INR
Target: 459.50 INR (Potential upside: 11.52%)
Stop Loss: 390.20 INR (Potential downside: 5.28%)
Risk/Reward Ratio: Approximately 2.18:1
NTPC Ltd. is currently trading within an ascending triangle pattern, a bullish continuation pattern, with potential for a breakout above the current resistance level. The Fibonacci retracement levels provide additional confirmation of support and resistance zones, with the next major target around the 459.50 INR mark. This setup presents a favorable risk/reward ratio for traders looking to capitalize on a potential breakout in the near term.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.