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Here are a few trading ideas from Chandan Taparia of Anand Rathi for Monday’s session:
BUY NTPC: The stock registered 52 weeks high of 178.25 levels and has been making higher top – higher bottom formation on weekly chart. The support base is also shifting higher as earlier the support was around 160 then the same shifted to 170 zones. It surpassed the crucial hurdle of 170 zones which was acting as a resistance from last four years indicating a fresh rally towards 182 and higher levels. So, one can buy the stock with the stop loss of Rs
BUY NTPC: The stock registered 52 weeks high of 178.25 levels and has been making higher top – higher bottom formation on weekly chart. The support base is also shifting higher as earlier the support was around 160 then the same shifted to 170 zones. It surpassed the crucial hurdle of 170 zones which was acting as a resistance from last four years indicating a fresh rally towards 182 and higher levels. So, one can buy the stock with the stop loss of Rs
