Key Levels for NTPC are : t.me - JOIN TELEGRAM CHANNEL
First Target~ 119.15
Lower Breakout~ 117.40
Please trade with caution and consult your financial adviser before trading. You can...
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...
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.
The stock seems to be into a corrective pullback. The RSI is halted near 60 levels and curled down. The correction may take the shape of ABC pattern. Breaking of the upward sloping channel will confirm the pattern.