NTPC Ltd – 1D

1) Important Levels Strong base at 321–330 Range resistance near 352–355 Higher resistance levels at 371 and 392 2) Business India’s largest power producer with expanding renewable capacity, strong government backing, and predictable cash flows. 3) Earnings Stable earnings, improving renewable mix, consistent dividend payouts, and robust balance sheet make it a defensive compounder. 4) Verdict Currently range-bound after a sharp up-move. Holding above base keeps trend intact. Sustained strength above range resistance can resume directional momentum.