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NTPC Breakout Retest Confirmation on Weekly

Long
NTPC LTD (NSE:NTPC)  
vipulmehta817  
NSE:NTPC   NTPC LTD
Trend Analysis Chart Patterns weeklymarketsanalysis NTPC ntpcanalysis ntpclong Trend Line Break breakout
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trendanalysis chartpattern weeklymarketsanalysis ntpc ntpcanalysis ntpclong trendlinebreak breakout
NTPC broke out of its decade long weekly resistance line in Sep'21. The breakout was supported by push in volume. The stock did a retest of the trend line and has now started its journey toward the direction of the breakout.
Longs may be initiated in 119-137 zone with targets of 155/190. Stop loss below 119.
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