Triangle Bullish Breakout – NTPC Limited

Triangle Bullish Breakout

Stock Name: NTPC Limited

The conditions for triangle bullish breakout 

1. 5 wave corrective pattern – identified – please refer the attached chart

2. triangle area should be minimum 1.5 months – satisfied – triangle formed over 1.5 months

3. triangle breakout expected at 70% – satisfied – refer the attached chart

4. volume required to confirm – satisfied – required volume found.