NTPC :
The giant Public Sector Enterprise is showing Good Signs of a positive move. Already breakout from Falling Trend is done but moving in slow rising channel where we see a bigger price range. The Stock is currently trading above a good resistance, which will act as a Support for the near Future.
We are expecting big surprise in the stock according to govt policies and spending on Infrastructure, but till then we will get a move towards the channel resistance at least. We may review our analysis and price target in the stock later.
For Now we Recommend :
BUY NTPC Ltd. around 150-152 with a stoploss of 148 and Take Profit around 160 - 174
(The Recommendation was given to our Premium Members on Friday itself)
With Entry around 152, Risk of Rs.4 and Reward of Rs. 8 at Take profit level of 160.. gives you a Risk : Reward ratio of 1:2 and with take profit of 174, the Reward will be Rs. 22 giving approx Risk Reward of 1 : 5.5 and For a Stock of 150 Rs. The upside is seen around 15% at 174 levels.
Risk Reward are favorable and stock is in good uptrend, Market supporting upside. The Stock is low Volatile stock, We recommend to BUY and HOLD for Take Profit levels.
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Disclaimer:
The Analyst does not hold any positions or does not have any vested interest in the recommended stock. Follow Strict Risk Management and Consult your Investment Advisor for more details.
The Analyst is a SEBI Certified Investment Advisor, Global Market Expert and Fund Manager for Clients across the World. He is having experience of 8 years in Indian Equity Market and Similar experience in Global Market.
