NTPC Long for short term Holding

NTPC is passing through strong resistance area , As Per 4 H candlestick charts
IF price close above 168 Can look for Price target of 174 stop would be 162 in this case since proper stop is not possible to place due to huge congestion area below 168
Cheers

Commentaire:

Here you can witness that on 24 march my technical reading of pervious price history on this stock gave very clear information of support and resistance area and also represented the struggle area , Normally the area where the price movement is very crowded in the past , will crate problems for feature price movement
One has to look for every possible obstacles before deciding the trade
Regards