NTPC Demand Zone
NTPC coming under a demand zone while matching with Nifty 50 suggests a potential buying opportunity, but it’s essential to analyze key factors before making a trading decision.
How to Validate NTPC's Demand Zone with Nifty 50?
✅ 1. Identify NTPC's Demand Zone
Look for strong support levels where price previously bounced.
Ensure high volume confirmation in the demand zone.
✅ 2. Compare with Nifty 50 Movement
If Nifty 50 is also in a demand zone, NTPC may follow the broader trend.
✅ 3. Confirmation with Price Action
Look for inside bars or reversal candlestick patterns in NTPC.
Check higher timeframes (weekly/monthly) for strong support levels.
If NTPC shows strength while Nifty is stable or rising, it adds confidence to the trade.
Would you like a deeper technical analysis on NTPC's current levels? 🚀
How to Validate NTPC's Demand Zone with Nifty 50?
✅ 1. Identify NTPC's Demand Zone
Look for strong support levels where price previously bounced.
Ensure high volume confirmation in the demand zone.
✅ 2. Compare with Nifty 50 Movement
If Nifty 50 is also in a demand zone, NTPC may follow the broader trend.
✅ 3. Confirmation with Price Action
Look for inside bars or reversal candlestick patterns in NTPC.
Check higher timeframes (weekly/monthly) for strong support levels.
If NTPC shows strength while Nifty is stable or rising, it adds confidence to the trade.
Would you like a deeper technical analysis on NTPC's current levels? 🚀
Checkout -> t.me/+RxMJZ-xOGy02MjBl
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Checkout -> t.me/+RxMJZ-xOGy02MjBl
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.