Technical – Conviction Delivery Idea: Buy NTPC Ltd for TARGET Rs. 406 by Motila Oswal Wealth Mangement
NTPC Ltd

Buy NTPC Ltd CMP 383 SL 370 TARGET 406 DURATION 1 Week
(Mcap Rs. 3,71,140 Cr.)3
* Trendline breakout on daily chart.
* Strong bodied bearish candle.
* Respecting 20 DEMA.
* Surge in traded volumes.
* RSI momentum indicator showing strength.
* We recommend to buy the stock at CMP Rs.383 with a SL of Rs.370 and a TGT of Rs.406.
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