As shown on charts, we are at channel support and take us higher.
If it breaks channel on lower end, Harmonic will have a chance.
Please do leave a like and follow for further new ideas!!
buy ntpc at cmp or wait for pullback till 126.
1st target 143.80
2nd target 150.
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
Hi All,
NTPC had provided a nice breakout from inverted head and shoulder pattern. But, we had received bad news from the union budget 2019. So, now NTPC has given a breakdown for an ascending triangle.
Exchange: NSE
Sell : 136.45
Stop loss: 139.75
Target: 119
Regards,
Vikram
NTPC APPEARS TO BE HEADING FOR 146 / 150.
AS PER MY 21ST APRIL POST TARGET OF 140 IS ACHIEVED.
GRAVE STONE SORT OF FORMATION IS SEEN TODAY.
BUT, LOOKING AT THE TRADED VOLUME OF 2.4 CR AND DELIVERY OF NEARLY 56% IS THE PROMISING FACTOR.
NTPC Limited is an India-based company, which is engaged in the generation and sale of electricity. The principal business activity of the Company is the electric power generation by coal-based thermal power plant. The Company's business segments include Generation and Others. The Company's Other business includes providing consultancy, project management and supervision, re-gasification, oil and gas exploration and coal mining. The Company has an installed capacity of 47,178 megawatts (MW), including joint ventures (JVs) with over 18 coal-based, seven gas-based stations and one hydro -based station. The Company has approximately nine joint venture stations, which are coal-based. It also holds approximately nine renewable energy projects. The Company's subsidiaries include NTPC Electric Supply Company Limited, NTPC Vidyut Vyapar Nigam Limited, Kanti Bijlee Utpadan Nigam Limited, Bhartiya Rail Bijlee Company Limited and Patratu Vidyut Utpadan Nigam Limited.
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NTPC
