NTPC.. Trying its level best to move.
Selling pressure in market pulled it back and retested the support.
Now things can be interesting..
Moved above this channel then first target can be somewhere around 370, the exact level from where it faced resistance today..
Second can be somewhere around 375 followed by 380..
Above 380, no major resistance till 390..
Downside or inside the channel, first target can be around 353 followed by 340..
Pick your trade accordingly..
All the best..
Selling pressure in market pulled it back and retested the support.
Now things can be interesting..
Moved above this channel then first target can be somewhere around 370, the exact level from where it faced resistance today..
Second can be somewhere around 375 followed by 380..
Above 380, no major resistance till 390..
Downside or inside the channel, first target can be around 353 followed by 340..
Pick your trade accordingly..
All the best..
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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.