NTPC after falling nearly 18 % from its highs has been consolidating in a range. It has formed a nice base . Long buildup is seen in the stock where in OI rose by 1.6 % today. Option chain is suggesting a good support at 117.50.
This stock is a buy with a price target as below.
T1 :- 127 T2 :- 133 T3 :- 143
Kindly scale out your position on T1 / T2 and T3 targets.
NOTE :- None of my analysis for taking position in options. I dont trade in options nor do i recommend to do the same.
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