NTPC monthly trading channel breakout

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In the monthly chart of NTPC Limited 

important levels are 

239.90, 221.00 , 167.90, 140.00, 104.90

All levels can be used for buy above and sell below  on sustainable basis targeting the next level in long term. Trades can be initiated by putting the stoploss of 2.3% of the price on sustainable basis.

Presently it is trading near 140.00 level.

I always suggest traders to trade in multiple lots and keep booking profits from few lots when ever they give adequate profits and  exit the full position only, when the price comes near target level or the actual trading level where the trades were initiated .

It was perfectly in downward trading channel and a break out is seen on channel near 140 level in the last month (may month). Breakout point is near 20 EMA on the monthly chart that is why, it is very important level.

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