NTPC is a fine stock which has been performing rather slowly and steadily and the most remarkably held on during the recent bad weeks. It is one stock that should have been subscribed at IPO time or purchased and kept for a long term. It still is a good bet in the long term and will generate good slow wealth for you and you.The cup formed at 166.45 for a 17.5 rupee move with a target of 184 should come very soon. A small cup from 176.6 for a 20 rupee move is about to start very soon and is in the process of formation. Will NTPC shoot up immediately or will it do what it did in the last big cup? That perhaps time will tell. But if you hang on and take some entry at the break and then some entry at a retrace which might come in, you can get good returns in the coming 2 to 6 weeks.
Entry and exit points can be decided with more research on the charts but this is the picture one gets with a bare eye for patterns.NTPC Performance at the end of September 3, 2007 : First Target of 184 done : Success
| OPEN | 174 |
| HIGH | 187.9 |
| LOW | 172.5 |
| CLOSE | 185.35 |
| PREVCLOSE | 173.35 |
| TRADED QTY | 7726763 |
| OPEN | 192.8 |
| HIGH | 197.5 |
| LOW | 189.05 |
| CLOSE | 196 |
| PREVCLOSE | 191.1 |
| TRADED QTY | 5896133 |
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