NTPC has already given breakout of smaller time frame with smaller targets.
There is little resistance on mid-line of up-trending channel at current closed price level, Previous incidence doesn't support much on resistance on the mid line, However price may move with high momentum to top of the channel around Rs.175
Breakout candle :-
1) Breaking out Angular trend line
2) Breaking out flag & Pole / Inverted H&S Neckline
3) Challenging Upper Bollinger band
4) DI+ crossing DI- with ADX above 16
5) Relatively High Volume
6) RSI - 70.72
7) ema crossover 5>13>26 happened before 20th July
8) Broken out resistance line by multiple bearish setups having major resistance B1,B2,B3
Disclaimer: This is for information and educational purposes only, not any recommendations to buy or sell. I am not SEBI registered, please consult your financial advisor before taking any action.
There is little resistance on mid-line of up-trending channel at current closed price level, Previous incidence doesn't support much on resistance on the mid line, However price may move with high momentum to top of the channel around Rs.175
Breakout candle :-
1) Breaking out Angular trend line
2) Breaking out flag & Pole / Inverted H&S Neckline
3) Challenging Upper Bollinger band
4) DI+ crossing DI- with ADX above 16
5) Relatively High Volume
6) RSI - 70.72
7) ema crossover 5>13>26 happened before 20th July
8) Broken out resistance line by multiple bearish setups having major resistance B1,B2,B3
Disclaimer: This is for information and educational purposes only, not any recommendations to buy or sell. I am not SEBI registered, please consult your financial advisor before taking any action.