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Looks good regarding risk reward

Discussion in 'Technical Analysis' started by naveen1241, Jun 24, 2014.

  1. naveen1241

    naveen1241 Responder

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    Hi All,

    Seems like NTPC can be a good buy @ CMP with SL around 147.5 or closing below 150. Down slide looks arrested from steep to flat levels. Could be the start of a round bottom formation as well. What do you all think ?

    Thanks
    Naveen
     
    naveen1241, Jun 24, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Down fall arrested can be concluded by a formation of W or higher top higher bottom and so I think it is too early. Wait for this week to see if 150 is broken or not and if not and if it forms good base, can be a good stock to be going long into.
     
    shabbir, Jun 24, 2014
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