NTPC share analysis oct 2013

NTPC share price daily chart technical analysis

NTPC share on last trading session closed at 142.6 with loss.on daily chart trend is bullish but  momentum is bearish on correction and now trading near major averages.

on daily chart,NTPC share 3 month average is at 140 and major support on downside while 142 is month average and immediate support.on upside 144.5 is week average and resistance zone.

NTPC share indicators on daily chart are with bearish divergences and heading towards support zones.

here short term traders watch 140 levels breakdown on closing basis and then must go short in NTPC share future with stoploss above 144 and expect target 130-128.

 

NTPC share price weekly chart technical analysis

NTPC share on weekly chart showing negative closing.suggesting downtrend resumed and bounce back is over.in aug 2013 made lows near 121 and now heading towards that bottom zone of 120-126.

on weekly chart NTPC share price trend and momentum both bearish.trading below all major averages.on upside 143 is 6 month average and immediate resistance above that 147 was 12 month average and 153 was 2 years average level and both strong resistances.

for medium terms,traders can short forward month futures and keep stoploss above 153 and expect target 121 as first stop and then 99 can be possible target for NTPC share.

 

NTPC share price monthly chart technical analysis

NTPC share on monthly chart showing downtrend and very bearish momentum.heading towards 2008 lows of 100 rupee.155 is 5 years average zone and remain as strong supply zone for investors.below this level stay short or stay away.

on historical chart,we can see NTPC share all time low was near 60 rupee in 2004 while all time high was near 255.(all split/bonus/dividend adjusted)

NTPC is one of the energy sector blue chip company in india.best for investment from long term view so investors keep accumulating in 60-100 rupee zone with 2-5 years time frame view and expect target 210-260 on upside.

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Updated: 06/10/2013 — 8:41 PM

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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