Monday, February 6, 2012

Book profits in NTPC | Technical chart | 07-Feb-2012

Let us now discussed why one should book profits in NTPC and sit on cash. Below is the technical chart of NTPC, using Ichimoku indicator.





The price has risen in the last few trading sessions. But kijun-sen line is not supporting this rise and is flat. So, in coming days, NTPC price can touch 167.10. The expected price movement has been drawn in blue line in the chart. It's time to book profits at these levels. On the upside, 178.20 is the high resistance zone.

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