NTPC share price target 2014

NTPC share price target 2014

NTPC stock short term technical view

NTPC stock on last trading session closed at 154.15 with loss. On daily chart, stock price is strong bullish. Stock price is trading above its short-term averages, but technically overbought so expect correction ahead. On upside traders can expect resistances at 159-168 and 180 rupees levels while on downside 146-140 and 133 rupees are support zones. On chart, 128 rupee is major average level and above it, short-term traders keep buy on major corrections strategy for this stock.

NTPC stock medium term technical view

NTPC stock for this week is showing losses on profit booking pressure. On weekly chart, stock price trend and momentum both are strong bullish. Bullish breakout was seen at 130-rupee levels and stock achieved its first medium target of 160 rupees in very short time on furious buying as well as short coverings. Weekly chart indicators patterns are bullish and suggesting rally will continue in upcoming weeks. From medium to long-term view, NTPC stock has support at 133, 106 rupees while on upside 160, and 186 rupees are strong resistances.

Medium term traders and investors, above 130 rupees keep buy on dips view for targets 186 to 215 in next 6 to 12 months period.

NTPC stock long term technical view

NTPC share in last 6-month period had given 8% returns to investors and still underperformer as compared to major indices. From long-term view, 85 to 110 rupees was best buy zone, which was lasts seen in 2014 while 50 to 70 rupees was major undervalued zone, which was last seen in 2004. For now above 140 rupee expect long-term bullish momentum will continue on bulls side. On upside 200 is 12-month target zone while 255 rupee is target for next 24 to 36 months. This is best stock to follow sip and best for low risk low return type investors.

NTPC company description

NTPC Limited (NTPC) is an India-based company engaged in the generation and sale of bulk power to state power utilities. The Company’s other business includes providing consultancy, project management and supervision, oil and gas exploration, and coal mining. The Company’s projects under construction include Bongaigaon-I with a capacity of 750 Megawatts (MW), Barh-I with a capacity of 1,980 MW, Barh-II with a capacity of1,320 MW, Gadarwara with a capacity of 1,600 MW, and Rihand with a capacity of 500 MW. The Company has an installed capacity of approximately 42,000 MW. The Company’s subsidiaries include NTPC Electric Supply Company Limited, NTPC Vidyut Vyapar Nigam Limited, NTPC Hydro Limited, Kanti Bijlee Utpadan Nigam Limited and Bhartiya Rail Bijlee Company Limited.

NTPC stock fundamental ratios

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Pramod Baviskar

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