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...
Key Levels for NTPC are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~118.30
First Target~ 119.15
Interim Resistance~119.85
Final Resistance~120.70
**Lower Levels**
Lower Breakout~ 117.40
First Target~116.60
Interim Support~115.65
Final Support~114.70
Please trade with caution and consult your financial adviser before trading. You can...
NTPC showing HEAD & SHOULDERS Chart Pattern.
Stock Likely to Go Downwards up to Levels of 63 to 70.
Entry : Rs. 117
Target : Rs. 63
Stop Loss : Rs. 123
Bank Nifty is not showing any sign of Uptrend or Reversal, and it made a bullish candle just because of the rally in Yes Bank but now I think the momentum may be lost and a semi-downtrend can be expected.
Its a swing trade after breakout of the triangular pattern on daily chart it is coming back for retesting keep sl and target as shown in chart and trail it on every target.
NTPC Ltd. engages in the electric power generation by coal based thermal power plant. It operates through the following two segments: Generation of Energy and Others. The Generation of Energy segment involves in the generation and sale of bulk power to State Power utilities. The Others segment includes provision of consultancy, project management and supervision, energy trading, oil and gas exploration, and coal mining. The company was founded on November 7, 1975 and is headquartered in New Delhi, India.
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NTPC
