Long NTPC for target of 118

Aggiornato
NTPC has retraced 61% (fibonacci) from previous high and has very strong support at 84.90 which is also its life time support. Risk to reward ratio is favourable

This is positional trade and may take couple of months to come.
Buy for Target of 103, 109 and 118
Stop Loss : 84.90 (weekly closing basis)

If close below 84.90 then short for target of 79.40, 73 and 68


Trade attivo
Very close to first target book profit tommorrow morning and enter the trade near 20 Ema price
Trade chiuso: obiettivo raggiunto
First Target reached of 103 ...conservative please book profit.
Technical IndicatorsNTPCTrend Analysis

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