TrenTrader13

NTPC Short Trade

Short
NSE:NTPC   NTPC LTD
- Stock in a Overall Downtrend
- Rejected off Daily kijun / 50% Fib Level
- Close below a key S/R level

I am short from 50% level of Bearish Pinbar on March Futures . Will add more on 6th March after more confirmation.
Also sold 111 CE @ 1.6



Trade active: Ntpc made some recovery in the final hour of trading. Nevertheless, Move stops to break-even and lets see how it opens up after Holi.

Trade closed: target reached: Targets have been hit on NTPC but cannot take much credit as everything went bonkers in global sell off. Anyways, Happy we made some money.