NTPC breakout above 160/162
Bullish structure overall, volume is confirming the story. A variation of Cup and Handle pattern breakout is possible here.
Energy stocks have been doing well lately, including other power sector stocks.
Energy stocks have been doing well lately, including other power sector stocks.
Note
NTPC did try to breakout but the price action is not strong enough, too much sideways type of movement for my liking
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.