NTPC LTDLong
fist videos
🟢 **Support Levels**
Key Support**: Around **₹325.70** (marked as a potential bounce zone).
The recent price action indicates a double-bottom or rounding-bottom pattern 📉➡️📈. This is a bullish reversal signal.
📈 **Resistance Levels**
Immediate Resistance**: ₹343.70
The stock needs to break this level convincingly for further upward movement.
Next Major Resistance**: ₹446.35 (52-week high).
If momentum sustains, this is the next target for bulls 🚀.
🔵 **Volume Analysis**
Rising green volume bars recently suggest increasing buying interest at the support level 🔊.
A breakout above ₹343.70 with high volume would confirm the bullish trend 💪.
🛑 **Risk Factors**
Failing to hold above ₹325.70 may lead to further downside, potentially testing lower levels.
The broader trend (decline from October highs) suggests caution until key levels are crossed 🔺.
### 🧭 **Outlook**
The chart suggests a potential upward move if the stock stays above ₹343.70 and gains momentum 📊.
**Summary with Emojis**
📉➡️📈: Reversal in progress.
- 🔊: Buying interest is increasing.
🚀: Potential breakout above ₹343.70.
⚠️: Risk if ₹325.70 breaks.
no recommendation for buy and sell
Key Support**: Around **₹325.70** (marked as a potential bounce zone).
The recent price action indicates a double-bottom or rounding-bottom pattern 📉➡️📈. This is a bullish reversal signal.
📈 **Resistance Levels**
Immediate Resistance**: ₹343.70
The stock needs to break this level convincingly for further upward movement.
Next Major Resistance**: ₹446.35 (52-week high).
If momentum sustains, this is the next target for bulls 🚀.
🔵 **Volume Analysis**
Rising green volume bars recently suggest increasing buying interest at the support level 🔊.
A breakout above ₹343.70 with high volume would confirm the bullish trend 💪.
🛑 **Risk Factors**
Failing to hold above ₹325.70 may lead to further downside, potentially testing lower levels.
The broader trend (decline from October highs) suggests caution until key levels are crossed 🔺.
### 🧭 **Outlook**
The chart suggests a potential upward move if the stock stays above ₹343.70 and gains momentum 📊.
**Summary with Emojis**
📉➡️📈: Reversal in progress.
- 🔊: Buying interest is increasing.
🚀: Potential breakout above ₹343.70.
⚠️: Risk if ₹325.70 breaks.
no recommendation for buy and sell
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.