Rounded Bottom Near Breakout – High Probability Setup

Stock: NTPC Green Energy Limited This chart is showing a developing rounded bottom formation, which typically indicates a gradual shift from bearish to bullish sentiment. After a prolonged corrective phase, the price has started forming higher lows, suggesting accumulation at lower levels. The key level to watch here is the ₹104–105 resistance zone, which has acted as a supply area multiple times. Currently, the stock is just at the verge of breakout, and a decisive close above this level can trigger a fresh upside move. From a technical standpoint: Rounded structure reflects base formation Recent bullish candles show momentum picking up Price approaching resistance with strength = breakout probability increases No major overhead supply once breakout sustains Projection: If the breakout confirms, the stock can potentially move towards ₹115–120 (~10–15% upside) in the near term. Key Levels: Support: ₹96–98 (recent demand zone) Breakout Trigger: ₹105 Target: ₹115–120 Conclusion: This is a pre-breakout opportunity, where risk is relatively low and reward is favorable. A confirmed breakout above ₹105 with volume can lead to a quick momentum move. Early positioning or breakout entry both are viable depending on risk appetite.