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
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Checkout -> t.me/+RxMJZ-xOGy02MjBl
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.