Stock of the day : Buy NTPC Ltd For Target Rs. 384 - Religare Broking Ltd

NTPC Ltd
Buy NTPC Ltd CMP 360.65 Range 359-361 SL 348 Target 384
* The stock regained positive momentum after sliding for two consecutive sessions, confirming its up-move for over short term.
* After successfully breakout of a rectangle formation the stock retraced and now continuing on its short term trend on the higher side.
* It is facing a strong support of long term EMAs where retesting those lower levels would again be the good levels to enter the stock.
* Traders can go long in the given range.
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