NTPC Ascending Triangle Breakout

NTPC Ltd- This stock has been in the up trend since last 2 year after making a low of 113 in 2015. After that it has been forming higher high higher low structure and taking support at 50 EMA. Last week we see a breakout of resistance on the weekly chart. This week we see a pull back to its support that was the previous resistance level. MACD and MACD crossover confirming the continuation of up trend in the stock. RSI still has some room to be overbought as it is working at 60. All this indicators suggesting the continuation of uptrend in the stock. In short term the stock may touch the 210 level. As 50 EMA is working as a strong support for the stock so Stop Loss would be place below it.