NTPC LTD
Stock moving up from 50 DMA this indicates bulls will be favored as long as it holds above, technical indicates on upper side NTPC share will find resistance around 140, bulls action can be seen once it closes and holds above 140.
Stock major indicator "RSI" is now entering in overbought zone this indicates a sign of caution for NTPC bulls. Close watch.
As per 18th December 2015, At 2:00pm NTPC share price is 137.75 up by Rs.2.20 (1.59%) as per its previous close.
Intraday NTPC looks good if it holds above 140.
Will find resistance around 142.50, 144.
S.L - 138.
Visit link below to read article on Bombay stock exchange of India.
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