shiv2798

NTPC Long for short term Holding

Long
shiv2798 Updated   
NSE:NTPC   NTPC LTD
1
NTPC is passing through strong resistance area , As Per 4 H candlestick charts
IF price close above 168 Can look for Price target of 174 stop would be 162 in this case since proper stop is not possible to place due to huge congestion area below 168
Cheers
Comment:
Here you can witness that on 24 march my technical reading of pervious price history on this stock gave very clear information of support and resistance area and also represented the struggle area , Normally the area where the price movement is very crowded in the past , will crate problems for feature price movement
One has to look for every possible obstacles before deciding the trade
Regards

Related Ideas

Disclaimer

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.