The stock of NTPC has been in an uptrend since October last year. It began falling after marking a record high of ₹448.30 on September 30. But in January, after falling to ₹296, the downtrend came to an end.
The chart shows that the stock has rebounded from ₹296 twice since the beginning of 2025. In addition, it surpassed the resistance at ₹338, confirming a double bottom, a bullish reversal chart pattern. So, the chances for a rally from the current level are high. The stock shows potential to hit ₹374 in the short run. So, buy NTPC shares at ₹340 and accumulate at ₹330. Place stop-loss at ₹320. Revise the stop-loss to ₹340 when the price hits ₹360. Book profits at ₹370.
Video Credit: Businessline
Note: The recommendations are based on technical analysis. There is a risk of loss in trading.
