INSUBCONTINENT EXCLUSIVE:
ETMarkets.com|Updated: Jul 02, 2018, 10.52 AM ISTThe current market price of NTPC is Rs 153.60.Kapil Shah, a technical analyst of Emkay
Global Financial Services, has a buy call on NTPC with a target price of Rs 175.
The current market price of NTPC is Rs 153.60.
Time period
given by the analyst is one month when NTPC price can reach the defined target
Kapil Shah recommended keeping a stop loss at Rs 149.
"Daily chart indicates that after a sharp fall from Rs 180 levels to almost Rs 150
level, the stock is now showing pullback rally which indicates some relief sign
Momentum Indicator RSI is showing a positive divergence suggesting intensity of selling pressure has been reduce and pullback rally may be
The pullback rally may extend its leg towards 200- DMA i.e Rs 170 level," Kapil Shah said in a report.
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