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2025-09-22 10:52:50 am | Source: Religare Broking Ltd
Stock of the day : NTPC Ltd by Target Rs. 354 - Religare Broking Ltd
Stock of the day : NTPC Ltd by Target Rs. 354 - Religare Broking Ltd

NTPC Ltd

* NTPC is displaying constructive momentum, having successfully breached a key resistance trendline, signaling increased market participation.

* Volume trends indicate steady accumulation at lower levels, while the formation of higher highs and higher lows underscores sustained buying interest.

* The price continues to hold firmly above significant short- to medium-term moving averages, notably the 50 and 100-EMA, validating bullish sentiment.

* Current technical setup strengthens possibilities of further upside, with long positions favorable within the mentioned range.

 

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