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NTPC turned in to up trend channel

NSE:NTPC   NTPC LTD
NTPC after long term up trend journey broken the trend at 156.00 and turned bearish , it has retraaced to crucial 50% fibo level and looking to trade in upward direction, traders may go long in this stock with a target of its second leg of up trend line resistance somewhere between 160-163. alternatively if it broke the level 145.00 downside exit with small stop loss.

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