inteliigentrader

NTPC educational view

Long
NSE:NTPC   NTPC LTD
NTPC has been steadily falling with average volume falling, meaning that the market makers/smart money are not interested in selling and are waiting for a buying opportunity. Price is near support/accumulation zone and this is where market makers will absorb all the sell order by buying. Falling wedge needs to be broken out for NTPC to move higher.
Target is 100, and after that it may find resistance, due to a psychological level of 100 and a strong resistance/distribution zone.
This is an educational post
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I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
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Grateful🙏