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POWERful flag Breakout in NTPC

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NSE:NTPC   NTPC LTD
Introduction: NTPC is India’s largest power utility with an installed capacity of 73,824 MW (including JVs), plans to become a 130 GW company by 2032. Established in 1975, NTPC aims to be the world’s largest and best power major.

NTPC has comprehensive Rehabilitation & Resettlement and CSR policies well integrated with its core business of setting up power projects and generating electricity. The company is committed to generating reliable power at competitive prices in a sustainable manner by optimizing the use of multiple energy sources with innovative eco-friendly technologies thereby NTPC is contributing to the economic development of the nation and upliftment of the society.

A Weekly Bullish Flag and Pole pattern is visible on the charts of NTPC

Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price


MACD gave Positive crossover on Daily chart and Monthly chart and weekly chart, it is expected to move towards the positive territory. So, expecting the momentum to continue.

One can look to create a fresh position in the scrip near Rs. 245 levels with the stoploss of Rs. 227 on weekly closing basis. The 1st target will be 259.25 , 2nd target will be 277.10, 3rd target will be 295.20 and 4th target will be 309.65.

Risk Disclaimer:

The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.

The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.

Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.

It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.

I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
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