LKP Spade, Weekly Pick - Buy NTPC Ltd For Target Rs.177 - LKP Securities
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* The stock price has given a falling trend line breakout on the weekly timeframe indicating a medium-term bullish reversal.
* Besides, the price moved above the recent consolidation high on the daily chart.
* Weekly RSI is in bullish crossover and rising.
* Over the near term the stock price may witness a strong rally towards 168/177; the trend may remain positive as long as it holds above 150 where the trend-line support lies.
NTPC Ltd BUY @ Rs. 157-159 Stop Loss Below Rs. 149.80 CB Target Rs.177 Duration 1 Week
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