NTPC trade ideas
NTPC Ascending Triangle (*read below*)NTPC forming small ascending triangle.
Following the channel.
Good ema18 support.
Expected breakout by this week or next week.
Breakout should take it at top of the channel.
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BUY NTPC btwn 118 to 119 for target of 123+BUY NTPC btwn 118 to 119 for target of 123+
for intraday only 170621
NTPC - WatchoutGood volumes - crossing crucial support levels.
If sustains above 112 -- next target 124-128
Add to watch list -- trade carefully.
NTPCNTPC breakout of the range not very convincing but am bullish till it stays above the red line to reach 114-120 range
Breakage of trend lineIt can be clearly seen that the NTPC shares have deviated from the trendline, therefore indicating an upward market.
