NTPC LTD
Long
Updated

BREAKOUT in NTPC (Power Stock)

3351
NTPC is ready to BREAKOUT.

The stock was in consolidation phase from march.
Volatility has contracted over period with positive upwards moment.
Stock closed above the 20 MA after yesterday's budget shakeout.
Ready to BURST.


snapshot
Trade active
Trade closed: target reached
T1 achieved. Not going for far fetched targets since
a) It's a large cap stock
b) I believe a correction is due in the market and I am being cautious

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.