NTPC poised for a move.

Recommendation :

NTPC is poised at interesting juncture.

Buy : at around 190~2%.

Stop : 176~2%.

Target : 215.

Allocation : 15%.

Logic of Trade : NTPC is showing huge divergence with 15 days RSI and 12,26 MACD. Also it is very close to moving above its 50 days ema. which would be
the buy confirmation. If price goes above 50 EMA and price stays above 50 EMA that would be great sign of positive move upward.

Caution : Markets right now are non-directional. There is no trend, and it is hard to trade
in such times. if overall market weakens, I dont see this trade materializing.

Holding period : I would recommend to hold for 2 weeks if neither stop nor target is hit.

Track this recommendation below.