LKP Spade : Buy NTPC Ltd For Target Rs.189 - LKP Securities
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NTPC LTD (NSE SYMBOL: NTPC | BSE CODE: 532555)
* The stock has given a strong breakout on the daily chart after a consolidation phase with a rise in volumes.
* The stock has been a stable mover in a weak market and has been forming higher low higher high formations on the lower time frame.
* The momentum indicator RSI has crossed the level of 60 which confirms the strength of the stock.
Buy NTPC LTD @173 CMP Rs. 1325; Stop Loss Below Rs. 164.5 CB; Target Rs 181.5/189; Duration 1 Week
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