The stock has formed an U pattern on daily chart and we can see a good move upon breakout. Keep the scrip in radar
Strong Buy Above 150, T1 - 170, T2 - 185, T3 - 201, T4 - 218, T5 - 233, T6 - 242.......... STRICT STOP LOSS below 137. PLEASE NOTE : If it makes new all time high then keep trailing SL from 240.
Reasons to buy- 1-taking support and reversing from 200 EMA 2-lower trendline support 3-triangle pattern breakout 4-good R:R from current level.
NTPC has given breakout with very good intensity of volume and also can do breakout 13 years resistance trendline, which is located near 135 zones, all parameters are pretty good for long buyers. all the key levels are mentioned in chart with Stop-loss and targets. Key Levels Volume intensity is good in Breakout candle Macd in daily positive crossover and...