Strong Technical Pick – NTPC Limited

NTPC Limited :

Low Risk High Returns.

The stock has remained a major underperformer in the last 1 year.

A breakout was seen a few days back at 200 odd levels. The current consolidation in the range of 204-210 is almost finished and we could expect the stock to retrace to 61% of the downmove.

Buying at 208-209 with a stoploss of 205 and a target price of 218/225 in 2-3 weeks is a nice low risk high return trade.

 

NTPCbuy

 

Cheers,

Nooresh

16 Comments

  1. Akhil
    September 22, 2010

    Buy Ntpc 210 ca@2.8 sl1.3 is good strategy.
    Kindly reply as soon as u can.

    Regards
    Akhil

    Reply
    1. nooresh
      September 24, 2010

      Hi Akhil,

      Well till there is a stoploss in place and u can digest it. Can hold

      Reply
  2. Sachin
    September 23, 2010

    why u asked to exit NTPC yesterday.. bought at 209..

    Reply
    1. nooresh
      September 24, 2010

      Hi Sachin,

      You might have got an exit on day trading call where the discipline is to close positions in the day

      Reply
  3. SUDEVAN
    September 23, 2010

    What about yr target of JSW energy 155 is now going down ????

    Reply
    1. nooresh
      September 24, 2010

      Hi Sudevan,

      Stopped out on that trade.

      Long term outlook is fine could see downside till 116 if stays below 121

      Reply
  4. monisha mehta
    September 23, 2010

    hey , nice blog , like it ,
    won’t be nice if i u can clickover to my blog page too ,
    & post some suggestion

    Reply
  5. Amit
    September 23, 2010

    Sir SL in RCAP is on closing basis or Intraday Basis.

    Reply
    1. nooresh
      September 24, 2010

      Hi Amit,

      Stoploss on closing basis. Seems might get stopped out.

      Reply
  6. Prasanoracle
    September 23, 2010

    Hi Nooresh,
    I have sent a mail to analyseindia@gmail.com for one week AnalyseIntra free trial , so that i can check and proceed with one month pack first and then move to Qtrly subscription. I have provided my mobile number there and really wanted to gauge the SMS speed, as i will be depending on it mostly. Also i have provided my yahoo chat id too.

    Apart from that i have requested something related to Bangalore seminar on TA. Can you please reply to my email when you find time without fail (or) if you want to discuss over the phone, then please let me know when i can reach you.

    Thanks,
    Prasan.

    Reply
  7. vivek
    September 24, 2010

    Dear Nooresh,
    Today I bought 5000 shares @Rs.38 of Nutek India by looking the chart as I think it has given the breakout. What do you suggest ? Can it go to Rs. 50 technically.

    Reply
    1. nooresh
      September 24, 2010

      Hi Vivek,

      I am not tracking the stock closely but yes seems a small upmove is possible

      Reply
  8. SACHIN TIWADI
    September 28, 2010

    You are rocking Noorbhai…

    Made money frm IDBI and NTPC… in futures…. Means a lot to me.. NTPC still holding for Tgt 225

    Want to join your F&O services… As I don’t find the related service, Pls contact me @ 9920828274

    Reply
    1. nooresh
      September 29, 2010

      Hi Sachin,
      Thanks for the appreciation.
      Be disciplined when trading in futures. Take care of your leverage.
      We dont have a service specifically for Futures as we look for a good 5-15% short term trade so traders can also do it in normal equity position with the same stock.
      So you can join our QuickGains Premium which has short term trade.

      Cheers,
      Nooresh

      Reply
  9. Kaisar Imam
    September 28, 2010

    Dear Noor Sb,

    I am watching your posts, mails and reports and first time i traded your NTPC tip
    Now i am in good profits hope to get attached with you and earn something.
    Many thanks for free call of NTPC.

    Reply
    1. nooresh
      September 29, 2010

      Hi Kaisar,
      Good you acted on the recommendation 😛 A tip is a guess and not research:)

      Reply

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