NTPC Breakout Alert| Falling Wedge+ChoCH = Bullish Continuation

10 ต.ค.

⚡ NTPC Limited (NSE: NTPC) – 1H Chart Analysis
🧠 Market Structure

After a strong impulsive move up, the price created a Change of Character (ChoCH) — signaling a shift from bearish to bullish market structure.

Post-ChoCH, price entered a falling wedge corrective pattern — a typical bullish continuation signal.

The wedge breakout indicates a possible resumption of the prior bullish trend.

🔍 Pattern Insight

Pattern: Falling Wedge (Bullish)

Timeframe: 1 Hour

Confirmation: Breakout above wedge resistance

Structure Bias: Bullish continuation

🎯 Trade Plan

Entry: Current Market Price

Stop Loss: ₹330 (below wedge low).

Target: ₹370 (projected from wedge height).

Risk–Reward Ratio: ~1:3

⚙️ Confluences
✅ Falling wedge breakout near ChoCH zone → confirms structural shift
✅ Clear liquidity grab below wedge before breakout (smart money entry)

10 ต.ค.

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