NTPC – Multi-Month Range Break Attempt ⚡📊

Timeframe: Weekly Current Price: ~₹368 Structure: 10–12 month rectangular consolidation 🔹 What We’re Seeing After topping near ₹440 in 2024, NTPC corrected and then spent almost a year in a broad sideways range: Range Low: ₹310–320 Range High: ₹365–375 Multiple rejections from the upper boundary Strong base formation in mid-2025 Now price is again testing ₹370 supply zone. This is a classic horizontal accumulation breakout setup. 🔹 Why This Level Matters ₹370 is important because: Prior breakdown zone (late 2024) Multiple failed attempts in 2025 Psychological round level Visible supply cluster A decisive weekly close above ₹375–380 changes structure. 🔹 Measured Move Projection Range height ≈ ₹50–55 (₹315 to ₹370) Add breakout level: ➡ Target Zone: ₹420–425 (~14–15% upside — matches your projection box) Above ₹425 → opens path toward ₹440 retest.