NTPC Limited :
Low Risk High Returns.
The stock has remained a major underperformer in the last 1 year.
A breakout was seen a few days back at 200 odd levels. The current consolidation in the range of 204-210 is almost finished and we could expect the stock to retrace to 61% of the downmove.
Buying at 208-209 with a stoploss of 205 and a target price of 218/225 in 2-3 weeks is a nice low risk high return trade.