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.
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