Stock is in an uptrend since it made a low of 73.20.
Recently broke resistance at 182.50 and continuing in wave 5.
Although, on higher timeframes it is giving negative divergence on momentum indicators, still a small quantity can be initiated with strict SL.
Also, the basis of Gann Octaves is an Out of orbit case with a minimum target of 184.50.
The analysis is...
The scrip displays a symmetric triangle with chances of a good up move, The entries and exits have been provided, looks good from a long term standpoint.
Candles have been forming a inside candle pattern with no direction in the last few days.
After analyzing NPTC's stock, there are indications that a potential breakout may occur in the near future
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the...
after testing the resistance multiple times , price has formed three red candles.
MACD,RSI are bearish
most power stocks are technically weak for short term
Breakout of resistance area. Go long on this stock. Which may break 52 week high too....
Note :- Education purpose only, not an advice to buy.
Thank you.
NTPC Stock Analysis report.
Stock has trendline break out
Sort at 177 with SL of 178 Target 170
Over all stock is in uptrend and this is just retracement
