Overview
This post is part of the NIFTY 750 – Structure Census, documenting the long-term monthly structure of NTPC using the earliest reliable price data available.
The objective is structural understanding, not prediction or trade guidance.
Structure Position
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Long historical phase marked by range-bound behaviour
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Clear regime shift post-2020, transitioning into an impulsive advance
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Current structure reflects range → regime shift → impulse
Market Context
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Post-2020 rally represents a structural re-rating, not a short-term breakout
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Price has expanded rapidly into higher price territory after years of compression
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Volatility expansion is consistent with early-to-mid impulse behaviour
Key Zones & Levels
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Post-2020 rising trendline acts as primary structural support
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Upper zone currently behaving as higher-range consolidation
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No structural breakdown observed so far on the monthly timeframe
Expected Behaviour
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Consolidation within a higher range is structurally healthy
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Further directional clarity will emerge only after this consolidation resolves
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Until then, continuation or extension remains context-dependent, not assumed
Invalidation / Risk Levels
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Structural risk emerges only on sustained loss of post-2020 rising support
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Below that, the structure would shift back into a broader range regime
Conclusion
NTPC has transitioned from a long-standing range into a post-2020 impulse regime.
The current phase is best interpreted as higher-degree consolidation, not trend failure.
This is a structural study, not a directional or investment call.
https://www.tradingview.com/chart/NTPC/dJSHoBrb-NSE-NIFTY-750-NTPC-Limited-06-Feb-2026/
#NIFTY750 #NTPC #EquityStructure #MarketStructure #LongTermCharts #StructuralAnalysis #EWAVESJOURNAL
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