As per the 2 Hour Chart of NTPC LIMITED, we have witnessed a Formation of “Morning Star”.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 136.20, 138, and 140.10. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 133, on closing basis. Closing Price (as on 19.01.22) : 134.70
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NTPC has successfully reached its predicted 1st level of Resistance, reflecting an upmove of 1.11% approx.
So it did touch 133 on Friday now do u expect non stop move to 140 as per your chart?
alokdaiya
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@RajeshGambani, Thank you for raising a query. We are glad that you found our research worthy enough for your time.
We apologise for the delay in replying. However, in regard to our post, we can see how beautifully NTPC has taken a bounce back from its support level, today itself. Thereby, achieving all of its predicted levels of Resistance.