rradhakrishnan

Flag Pattern + Breakout in NTPC Ltd

Long
NSE:NTPC   NTPC LTD
Flag pattern is common and continuation chart pattern in trading.

NTPC Ltd formed Flag Pattern + Breakout completed in daily TF
1. On 7th June Breakout completed and retest phase in progress
2. Since its continuation pattern price started from channel bottom of 97. 05 level
3. Can add now until 112 for avg price
4. At present volume is ok level
5. 1st target is 123 and 2nd target 131
6. SL for this candidate 107 on daily close level
7. Additional confirmation RSI above 60+ level and MACD crossover done
8. This is 1:3 RR candidate

Disclaimer: Views are for educational purpose only
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nice explanation
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