Shares of NTPC Ltd today saw nearly 1% increase in value in intra-day session. The scrip reached an intra-day high of 171.70 in NSE and is currently trading at 170.90 with 0.83% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 36 to 69 and signal line continued to move well inside neutral region with slight incline towards overbought region supportive of uptrend price momentum.
While Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts, PSAR indicator has formed entry signal in weekly charts as well supportive of continued bullish price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued uptrend price movement. Expected support and resistance values for the stock for trading sessions to come next week are at 167.19 & 171.82 respectively.View Full Artcile With Comments