• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

NTPC is Low Beta Stock, Power Giant (NTPC) to Outperform in Near Term, High Growth Seen

By Bhaveek Patel Leave a Comment

NTPC ltd. is largest listed power company in India it was listed on 5 November 2004 on NSE and BSE. Looking at the price action on charts we see there is stiff resistance at 187 level and we are looking to go short near 185 level for the targets as 178 and 174 level. Also placing our stop loss above 190 level. Technical indicators are showing bullishness in the stock but there is dynamic resistance created on weekly chart by 45 EMA (exponential moving average). Also volumes have seen that there is some bearishness in near term. So this must be kept in mind that the stock is trading in the intermediate range and traders must look for the range trading strategies. The price action suggests that NTPC stock is not going to outperform the market in near term.

NTPC Fundamental Analysis:

From the fundamental prospectus we see that the overall growth remains constant for NTPC. Even the value of assets are very high of the company, So for the longer term view we are bullish in this stock.
NTPC Logo

Share1
Tweet
Pin
1 Shares

You Should Read This:

  1. Cigarette Manufacturer Giant: ITC is Low Beta Stock, Safe Investment in Stock Market ITC Ltd. is India’s largest cigarette manufacturer. It is one of the oldest listed company on NSE as it was listed on 23 August 1995. The stock has moved significantly in these years with lots...
  2. Reliance Power is High Potential Power Stock: Very Attractive at Current Levels, Buy on Dips Reliance power IPO hit the markets on December 2007 and the stock got listed on all major stock exchanges on 11 February 2008. Since the listing we have seen the stock has declined significantly, as...
  3. Short Term Power Stock: Power Grid Stock looks Attractive, We Recommend Buy on Every Fall Power Grid Corporation of India Ltd. is the leader in power transmissions segment in India, having huge network of its power transmission. It hit the capital markets i.e NSE and BSE on 5 October in...
  4. High Beta Stock: Accumulate Sesa Goa Stock on Every Decline, Multibagger Stock Sesa Goa Ltd. is one of the largest mining company in India, having most of its mining activity in Goa. This company was listed in NSE and BSE on 13 May 1998. The stock was...
  5. High Growth Banks: Punjab National Bank PNB is Cheap at Current Levels, Advice Buy PNB Stock Punjab National Bank Ltd. is one of the fastest growing banks in India. The company was listed on National stock exchange (NSE) on 24 April 2002. Stock charts suggests us that there was strong bull...

Category: NSE Tags: Buy NTPC/ Low Beta Stock/ Safe Heaven Stock

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Stock in News: Govt. to Divest Stake in ONGC, We are Bullish on ONGC Stock
Next Post: Auto Sector Has Outperformed: We are looking for Buying Opportunities in Maruti Stock

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2023
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2023
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2023 Should you buy?
  • BSE Penny Stocks List 2023

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2023 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean