NTPC
After making a low of 168.30 it is continuously moving in an upward trend, it is now trading at 181.35. In order to be in an upward trend it has to trade and consolidate the resistance level of 183 else below 178 it would might be in a bearish trend.
BUY NTPC above 179
Target1- 182
Target2- 187
Stop Loss- 174
ONGC
ONGC made smart recovery from the support level of 269 and made a high of 276, from this level further upside movement would be expected. In today's trading session it manages to trade above the 10 days and 50 days moving averages.
BUY ONGC above 270
Target1- 274
Target2- 279
Stop Loss- 266
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