NTPC !!! May cross 200 rs !!

1.) NTPC is already in uptrend because golden cross happen in 3/5/2016 i am uploading an image you can see that its making higher high and higher low.

in 19/5/2016 it makes low close on 135.35 RS and same after 5 months 14/10/2016 it make a low close of 145 Rs

means difference will be approx 10 rs and time taken 5 months and again 5 months 2/3/2017 later it makes low close 155.95 RS
Low close = 135.35 145 155.95 increment of 10 rs

and same Higher close
19/8/2016 Higher close 166.75
27/1/2017 higher close 177.50

so their is pattern and very accurate pattern this are so i can hope that after 5 months it will touch 187 as third high and 165 will be fourth low so today i have seen a possible entry in the NTPC Because.

1.) RSI is Low 39.83
2.) MACD Going to give positive signal.
3.) 200 EMA acting as support.
4.) delivery percentage of NTPC is 68 % on 14 march and 78 % on 15 march. which is increasing so supply is going to drop and demand will be more ultimately it will push the prices up.

it is good for short term profit making of 5 to 10 rs and in long term i feel it may cross 200 rs

 

very accurate pattern @ganeshc89 ji thnx for sharing with theory!!!!!!!!

 

thanks praveen ji

 

Thanks for sharing @ganeshc89

Sent from my 504Q+ using DIY Technical Analysis mobile app

 

NTPC going to touch 170 rs... keep on eye on NTPC also.

 

Wow, NTPC moving on perfect channel! Breaking out of 170 and RSI 60 is much more bull run to continues. Thank you sir for notice.


Sent from my iPhone using DIY Technical Analysis mobile app