NTPC

NTPC, daily momentum is crossing over to the buy side today after prices went past the 20dma. The medium term setup shows a 5 wave advance and pullback in wave 2. If wave 3 started from the low of 90, then wave 3=1=123, above the recent high of 100.30. On weekly charts 103.40 and 112 are two resistance levels from the 40wema and weekly Bollinger band.