I am expecting a bullish movement when it breaks 166.5 levels, it need to sustain above these levels to capture bullish moment. one should go long after successful breakout.
Bullish structure overall, volume is confirming the story. A variation of Cup and Handle pattern breakout is possible here.
Energy stocks have been doing well lately, including other power sector stocks.
A classical Cup=and-Handle pattern is just completed. Volume is not that great, but moderately OK. The current level where it is closed is near a good resistance level. Trend is clearly up.
If if breaks about the high of 164, boom. SL : 156. (Target: Honestly I am not getting .. going back to the chart not helping me).
Just keep an watch on this .. if it goes...
NTPC making inverse head & shoulder and giving breakout
trading above 50EMA
can buy above 161 for positional trading
target can be 180+,may retest
sl should be 154
do your own research
NTPC Ltd (NTPC) @breakoutlevel
NTPC Ltd (NTPC) strong breakout with high volume and momentum created in day chart. delivery 63% so strong upside. BUY above 159.08 . NEXT TARGET 160.9 ,161.6,165.7,171.25 Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you
Ntpc Limited looking bullish on weekly chart given breakout on falling resistance trendline and given breakout on macd indicator too with positive crossovers score seems more bullish trend is coming in this stock. On the basis of peers to peers study it is also looking good.
CAUSE OF LONG -:
1- Breakout on falling resistance trendline.
2- Positive crossovers...
