NTPC (Weekly): 1. On Trendline Support 2. Forming a Symmetrical Triangle 3. Can go Long only after Breakout 4. Closing above 5, 13 Exponential Weekly Moving Average
NTPC (Daily): 1. Consolidating within Symmetrical Triangle
Addl Points: 1. FII/FPI have increased holdings from 13.48% to 14.54% in Dec 2021 qtr. 2. Mutual Funds have decreased holdings from 18.37% to 17.75% in Dec 2021 qtr
Note: The above analysis is for educational purpose.
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