NTPC Looks weak !!
Updated
NTPC : cmp : 130.2
A H &S kind of pattern has been form in 2H chart as well as daily chart.
Making lower lows for 3 days.. Facing resistance near 133-135 level.
Closed below all important moving average.
May test 124/120 level.
View negated above 133.1 level.
Sell on rise candidate.
Can take position in future and option also.
if it opens lower wait for the bounce for shorting.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
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Please show your support back,
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A H &S kind of pattern has been form in 2H chart as well as daily chart.
Making lower lows for 3 days.. Facing resistance near 133-135 level.
Closed below all important moving average.
May test 124/120 level.
View negated above 133.1 level.
Sell on rise candidate.
Can take position in future and option also.
if it opens lower wait for the bounce for shorting.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
If you find this helpful and want more trading/Investment Ideas.
Please show your support back,
LIKE & COMMENT
❤️ Your Support is very much appreciated ❤️
Trade closed: target reached
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