Ntpc and punj lloyd

#1
I am new to the market.

And as my first Investment into the market i am thinking of buying NTPC and Punj Lloyd Shares.

Considering the current levels should i buy them ?

What should be the target price ?

How much is expected ?
 

AW10

Well-Known Member
#2
You have not mentioned what is your timeframe so I am making an assumption that you are long term investor and willing to hold position for atleast few weeks. I am rounding off the levels to nearest multiplier of 5.
Important price level for NTPC (they are weekly support and resistance levels) are 150/ 160/ 190/ 200/225/ 290.

For Punj Lloyd these levels are - 190/ 235/ 280/290/ 315./340/385

Looking at current price (CMP) , you can easily find the risk (CMP - nearest support level less then CMP) and reward (nearest higher price level - CMP). Take a ratio of that
and if you are happy with that then go ahead and buy it.

Currently both the stocks are going down and not showing any upmove. Investing is not about catching bottom or top. It is about making profitable trades when probability is in our favour.

If I have to buy, then I will wait for NTPC to break above 190 level and
PUNJ to break above 320 level.

Happy Investing / trading.
 

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