NTPC IS LOOKING TECHNICALLY BULLISH.
Reason:
1) IT HAS FORMED CHANNEL PATTERN.
2) MACD ABOVE SIGNAL AND CENTER.
3) STOCK WITH LOW PE.
4) NEAR 52 W HIGH WITH SIGNIFICANT VOLUMES.
4) CLOSING & SUSTAINING ABOVE 115 CAN LEAD TO A POTENTIAL BREAKOUT.
Reason:
1) IT HAS FORMED CHANNEL PATTERN.
2) MACD ABOVE SIGNAL AND CENTER.
3) STOCK WITH LOW PE.
4) NEAR 52 W HIGH WITH SIGNIFICANT VOLUMES.
4) CLOSING & SUSTAINING ABOVE 115 CAN LEAD TO A POTENTIAL BREAKOUT.