With NTPC having announced its willingness to treat its renewable business as a different entity it could be a game changer for the company. This stock has never recovered its 2008 highs also so its been one of the greatest underperforming stocks in our markets. During the course of the year if we do manage to pass the powerbill that could be the biggest trigger for the company.
For now its a hope trade. Long above 130 with a SL Below 120 (200EMA). Its a trade where we believe the 200EMA acts as a supprt like it has recently.
If the stock breaks above 150 is where this stock could catch fire and become one of the better stocks.
For now its a hope trade. Long above 130 with a SL Below 120 (200EMA). Its a trade where we believe the 200EMA acts as a supprt like it has recently.
If the stock breaks above 150 is where this stock could catch fire and become one of the better stocks.