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.
*Get free analysis for any stock you want*. You can message me here or comment on this post.
what should be the target price where we can exit if there is break out
Anshkohli
⋅
@theerthanarayanan25 pattern target should be about 124-125 if breaks out. Closing and retest above 125 would make it bullish overall.
theerthanarayanan25
⋅
@Anshkohli yeahh that's what fibb levels are also saying. thanks man, I bought a call option this morning, wasn't sure of my analysis, you confirmed it!
Anshkohli
⋅
@theerthanarayanan25 don't forget to put SL according to the pattern. It is the most important part of every trade.
theerthanarayanan25
⋅
it rose 3 percent today man. it's at 121 now, should I wait for a couple more days or exit?
Anshkohli
⋅
@theerthanarayanan25 you can exit at 122-124 as there's a resistance above 124. Although, if you can take the risk to see if it breaks out that level then should hold it.