Symmetrical Triangle on NTPC
Updated
Which way it will break?
After a long uptrend price is consolidating making lower highs and higher lows, which shows that buyers and sellers are neutral and are not able to make a decision. Its been six months since the consolidation started, we know that consolidation which takes time gives strong breakout. Lets see which side it chooses to move, as it is above 200 EMA i am thinking it will move upwards, what do you think comment down below.
After a long uptrend price is consolidating making lower highs and higher lows, which shows that buyers and sellers are neutral and are not able to make a decision. Its been six months since the consolidation started, we know that consolidation which takes time gives strong breakout. Lets see which side it chooses to move, as it is above 200 EMA i am thinking it will move upwards, what do you think comment down below.
Note
1st target reached trail stop loss
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