NTPC
DOUBLE BOTTOM AT 131.50/65

This stock dropped very sharply from 155 to 131.50 and then we saw the 61.8% retracement of that fall and then back to form the Double Bottom and more important thing is that still very firm above the 200DMA. Now closed at 137 which is the 50DMA, if this stock resisted at 137 then possibly 131.50/65 will be violated, but i dont think that will happen as Daily CCi is giving Buy signal and place a strict stop loss at 131.50/65. The next key resistence for this stock comes at 137 and 147 when 147 crosses then it'll get more steam in it.