NTPC LTDLong
Breakout in NTPC , Triangle breakout
Pros--As we see the price is at its 52 week high , also the price is above its 200 days MA , we can expect a bullish momentum in the stock in near about the month . Also the stock had given the breakout with good volume .
Cons--
1. a consilidation is not present near brakout .
2. price is at its highest point so we dont have a supply zone.
3. price didn't come to retest the trendline yet . so, it may come to retest.
Cons--
1. a consilidation is not present near brakout .
2. price is at its highest point so we dont have a supply zone.
3. price didn't come to retest the trendline yet . so, it may come to retest.
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