NTPC Stock Intraday Analysis for Tomorrow, 9 April 2024
NTPC Limited (NTPC) is India’s largest power producer and a major player in the Indian stock market. Here’s a breakdown of key points about NTPC shares:
Exchange Listing:
- Listed on both the Bombay Stock Exchange (BSE) with the code 532555 and the National Stock Exchange of India (NSE) with the code NTPC.
Current Performance (as of April 8, 2024):
- Closing price on NSE: ₹363.50(This information can be slightly different on BSE)
- This represents a significant increase of over 105% compared to the previous year.
Company & Industry:
- NTPC is a public sector undertaking with the Government of India holding a majority stake.
- The company is a leading producer of thermal power and is also venturing into renewable energy sources.
- NTPC is a part of major Indian stock market indices like Nifty 50 and Sensex 50.
NTPC Stock Intraday Analysis for Tomorrow:
We are talking about NTPC Stock Intraday Analysis for Tomorrow, Here the chart is shown by setting the time frame on 1 Day, the stock has given breakout today and reached its yearly high with good amount of volume.
Its trading above 9 EMA Level which indicates a positive sign and upward momentum
Here we have used timeframe of the chart as 15 mins to check the intraday levels. As you can see volume increased along with a sharp buying and 4 green candles were formed.
If NTPC cross today’s high on tomorrow then there is a big chance that it will continue its uptrend.
Key Levels:
Entry: Above 366
Target: 369,372
Stop Loss: 363
All the information given in this article is for educational purpose only. Im not SEBI Registered. Before making any trade or investment please take advice from your Financial Advisor
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