NTPC on hourly chart is indicating a typical text book Bullish Flag & Pole pattern formation. It was previously under range consolidation and then post breakout gave a good momentum upside.
It then retraced back and took support at exactly 50% retracement level of recent upmove. On hourly chart as per closing basis it is showing a visible breakout in Bullish Flag & Pole pattern.
Keep this setup in radar for coming sessions to potentially get a good momentum.
15 min chart for small time frame reference
This isn't a buy or sell recommendation but just an educational purpose post
It then retraced back and took support at exactly 50% retracement level of recent upmove. On hourly chart as per closing basis it is showing a visible breakout in Bullish Flag & Pole pattern.
Keep this setup in radar for coming sessions to potentially get a good momentum.
15 min chart for small time frame reference
This isn't a buy or sell recommendation but just an educational purpose post
Order cancelled:
Price opened gap up and made open high, it didn't sustained at all.