NTPC NTPCGREEN
📅 About the Company NTPC is India’s largest power generation company, owned by the Government of India, and is classified as a Maharatna PSU. ⚡ 1. Electricity Generation NTPC’s core business is generating electricity using various sources: • 🏭 Thermal Power – mostly from coal, which is the largest contributor to its generation. • 🔥 Gas-based power • 🌞 Renewable energy – solar and wind projects • 🌊 Hydropower – generating electricity from water • ☢️ Nuclear energy – expanding into atomic power generation Description: At the day of Q4 Result of NTPC I saw gap up opening in it but from there I saw continuous fall in it, from two week I saw continuous fall in it & from 350 it slipped down continuously & made a low of 324.85 from 351.20, in 10 trading session I saw continuous fall in it, In daily candle of chart pattern I saw continuous fall in it but now in 200 day’s EMA I saw support in it, it’s taking strong support of 324 & from there I saw reversal in it, after that I saw continuous buying in it, yesterday it opened at 329.65 with its day’s low of 329.05 & from there its moved up continuously ^ made a day’s high of 333.50 & closed above 330 at 332.85 NIFTY is also supporting NTPC from this level, & I am expecting in short term it will take support of 324 & will be reversal from this level & can retest the level of 350 again. •RECOMMENDATION: In daily candle its structure is looking bullish, in short term its taking support of its EMA, & 330.00 is also a strong support of its, I am expecting if it continuous the rally it will move up & can touch the level of 350 again before this month closing. on behalf of this my recommendation will be *BUY NTPC IN CASH AROUND 330-331 TARGET 348 SL 321* Disclaimer-“Registration granted by SEBI, and certification from NISM in no way guarantee performance of the Research Analyst or provide any assurance of returns to investors.
