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NTPC

23 Jul 202006:59 AM

I wrote about it a month ago and it looks like we were not ready for wave 3 yet. Premature. But now with a near 61.8% retracement near 90 I will consider the same again. Is wave 2 done here and can wave 3 develop? A move above 92.15 where the moving averages are will be a sign of strength. 97.50 is the upper Bollinger band resistance and the wave 1 high was at 103.50. If Wave 3 =1 then it goes as far as 121.

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