It is observed on daily charts that NTPC has broken below the lower trendline of the channel. The RSI is also trending down. Also the entire channel upmove was on thi volumes. So it can be shorted for a target of Rs 160.
Disclaimer: I am a novice at trading and this chart is for educational purpose only. Opinions and views about the chart are welcome.
Disclaimer: I am a novice at trading and this chart is for educational purpose only. Opinions and views about the chart are welcome.
Comment:
Target Reached.
