Symmetric Triangle in NTPC - 3rd Sep 09

NTPC Chart - Daily:

NTPC formed a Symmetric Triangle in Daily charts, trade triggers after the breakout or breakdown with volume confirmation. Price nearing Apex, so go for big filters.

Possible Bullish AB=CD pattern in NTPC

NTPC Chart - 5 mins:

NTPC formed an AB = CD pattern in intraday charts. yesterday it closed at 161.8%, still there is no indication of reversal. Today if it gives any reversal signal with out breaking yesterdays low, then long trade can be taken.

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Update at 10:08 AM:

It opened Gap down, breaking the yesterdays low hence no trade at present.