Bullish Flag pattern spotted in NTPC . Pattern seems to be confirmed and hence the stock could move towards 148. Previous top at 137.5 can act as an intermediate resistance.
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Likewise, consciously if your eye apparently checks the breakdown point you will get a high return. Its not actually support but its a breakdown confirmation line.
Resistance is 136.2 nearby.
134.8 below with volume increase than normal will give you breakdown trade.
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NTPC Breakout done on the Upside. It should fall to complete Harmonic Move. Buy 145_140.5 if gives indecision or Rejection Or reversal Candlestick Pattern. Hold the Position as it has given Weekly Breakout. Target 178/209+
on the weekly charts ,you can see NTPC is at very attractive levels.
3 support levels are below there.
the chart is also showing RSI divergence .So it looks like trend can change between (150 -140).
as we get 2 bullish candles from any support levels,we can take a long possition in it.
Targets will be given after the trend reversal.