My View on NTPC — Daily Chart

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My View on NTPC — Daily ChartNTPC LimitedNSE:NTPCsalaisargunansp1. Key Observation NTPC is near an important support zone around ₹342–₹345. The volume on Jun 29 and Jul 09 shows possible absorption, which may support the next direction. 2. My View NTPC looks bullish from the current level. It may move sideways for the next 1–2 days, and if volume supports, the stock can start moving upward. 3. Invalidation The bullish view becomes weak if price closes below the current support zone with strong selling volume. 4. Risk-Reward Risk-reward looks favorable if entry comes near support after volume confirmation. Upside potential is around 20+ points from the current level. 5. Target Point / Range TG1: ₹355 — near POC line TG2: ₹368 6. Why It’s Good for Long This setup is good for long because price is near support, absorption volume is visible, and the upside room is clear if buyers confirm strength. 7. Time Period This view is for the July contract, with possible continuation until mid-August. #NTPC #Nifty50 #PowerStocks #VPA #VolumeProfile #PriceAction #OptionsTrading #JulyContract #IndianStockMarket