Note: This is for educational purpose only.
NTPC has formed an ascending triangle on daily chart. Breakout above 101 should give a fresh move upwards. RSI and MFI above 50 shows price momentum and volume is in bullish zone.
Analysed levels mentioned on chart!!!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
The stock have given a good ascending triangle formation on the 4H time frame. it's continuing it's trend towards upside and it indicates a pure chance for breakout
It might face a resistance at 105 region after breakout
""Do your analysis and go for the best keep proper STOPLOSS and Trade Safe!!!""
We can observe that their has been formation of ascending triangle forming a wedge and the price breaks the upper resistance at 94.
This means that the buyers are aggressive and the investors could fill in the positions when the price breaks resistance at 94
![NTPC: [Intraday] NTPC Sell idea](https://s3.tradingview.com/a/Ae6fBGFH_mid.png "[Intraday] NTPC Sell idea")
![NTPC: [Intraday] NTPC Buy Idea](https://s3.tradingview.com/i/i1ikOh7p_mid.png "[Intraday] NTPC Buy Idea")
