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| NTPC chart analysis on 15 April 2014 |
NTPC was in a down trend for past many months. Now it looks like the bad period has ended for NTPC. On 2nd April the stock price has broken a major trend line in daily charts. After touching a 52 week low of 110.65 on 3rd march 2014 the share started consolidating. Despite of new pricing policy concerns NTPC has strong fundamentals.
For short term (2 weeks) my target is 136. Stop loss at 118
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