Top Trending Stock: This stock is super bullish in short and medium term, all signs of bullishness visible, great opportunity to make profits – top trending stock ntpc share witnessed strong buying interest

New Delhi : The Indian market opened with a positive trend on Tuesday amid good global cues. Interestingly, over the past few sessions, large-cap and blue-chip stocks have outperformed the broader market. Meanwhile, NTPC stock witnessed strong buying and jumped around 4% during the opening hours of the trading session. Simultaneously, it registered a strong price volume breakout and crossed its previous swing high.

The stock has hit a new all-time high of Rs 179.50 on NSE. Furthermore, the share volumes have been above average, indicating a major buy-in in the stock. The stock has jumped 16% over the past month and has outperformed the broader market and most of its peers during this period.

Technically the stock is in a strong uptrend. All its moving averages are bullish. The 14-day RSI (70.02) is in the Super Bullish zone. ADX (16.54) is up and indicating a strong trend strength. MACD remains elevated and is showing potential bullish momentum. Overall, the stock is technically very bullish.
Top trending stock: The stock of this company remains in top trending, all the good signs of bullishness are visible, know the targets
NTPC is known to be a heavy dividend paying stock with a dividend yield of around 4%. Considering the strong momentum in the stock, we expect the stock to outperform in the short to medium term. Also, long term investors and traders can keep this stock in their watchlist.
This article is powered by Dalal Street Investment Journal, India’s No. 1 investment magazine. Click here for regular updates on Winning Stocks and Recommendations.

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