Stock of Interest

Posted On: June 30, 2023

Stock Report : NTPC (NSE) 30 Jun 2023

Outlook: Bullish

NTPC Limited, a prominent Indian electricity generation company, holds a significant position in the energy sector and is listed on the National Stock Exchange (NSE). As the largest power utility in India, NTPC plays a crucial role in both thermal and renewable energy generation. With numerous power plants scattered across the country, NTPC boasts an impressive total installed capacity of over 66 gigawatts (GW). Investors interested in NTPC can trade its stock under the symbol “NTPC” on the NSE through registered brokers. To stay informed about the latest developments and financial performance of NTPC, it is advisable to consult reliable financial sources or seek guidance from a financial advisor.

xCalData’s forecast:

xCalData forecasts NTPC to continue its bullish phase over the next five days. During this period, f NTPC is expected to be in the range of 191 and 183.

How are the technicals?

Majority of the technical ratios trend towards bullish side of the spectrum. Only one of the trend indicators HeikinAshi indicate bearish view.

Collectively, xCalData suggests the stock would be in Bullish zone for this week ending 30 June.

xCalData offers unbiased insights into stocks.

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Disclaimer: The securities quoted are for illustration only and are not recommendatory