Business Standard

Trading ideas from Anand Rathi: Buy NTPC, sell Wipro

Here are a few trading ideas from Chandan Taparia of Anand Rathi for Monday's session

Chandan Taparia  |  Mumbai 

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 171.50 levels for the upside target of ...

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First Published: Mon, January 30 2017. 08:00 IST
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