NTPC Rising Wedge
The pattern we see is an 'Rising Wedge' pattern. This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. (Information via Investopedia)
The declining volumes indicate lower volatility and an imminent power move (long/short), ATR confirms the same.
Considering the bullish green candle with a short body indicates weak buying trend.
The declining volumes indicate lower volatility and an imminent power move (long/short), ATR confirms the same.
Considering the bullish green candle with a short body indicates weak buying trend.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.