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.