NTPC - Short Term Pick
NTPC
Stock is showing high signs of long term reversal technically (on weekly & Monthly charts) as well as fundamentally and with ongoing uptrend in market it is ready to catch up with the trend soon.
Broken the trendline resistance as we can see on charts and heading for weekly & monthly resistance around 180-190 range in few days to weeks. Stop Loss at 145 is somewhat lower considering any surprise fall in overall market. Once crosses and closes above 160 then it may roll up to Target zones at very fast pace . The Potential Risk Reward is favorable at current price and also one can consider buying at lower prices if they wish to without modification of SL
Most of the Secondary Indicators like RSI , MACD are also supporting the bullish view.
Do Comment , share and "LIKE" if you find this info valuable to use .
Attached below few Related Ideas posted under my profile in recent time.
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
NTPC
Stock is showing high signs of long term reversal technically (on weekly & Monthly charts) as well as fundamentally and with ongoing uptrend in market it is ready to catch up with the trend soon.
Broken the trendline resistance as we can see on charts and heading for weekly & monthly resistance around 180-190 range in few days to weeks. Stop Loss at 145 is somewhat lower considering any surprise fall in overall market. Once crosses and closes above 160 then it may roll up to Target zones at very fast pace . The Potential Risk Reward is favorable at current price and also one can consider buying at lower prices if they wish to without modification of SL
Most of the Secondary Indicators like RSI , MACD are also supporting the bullish view.
Do Comment , share and "LIKE" if you find this info valuable to use .
Attached below few Related Ideas posted under my profile in recent time.
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
