NTPC Downward Moving Channel
NTPC is in downward moving channel on daily charts.
This stock should be shorted on all rise till we get a close above the channel.
Its also moved below 200 EMA, which further signifies the weakness.
Positional short with Target of 133
Try to short near 150 Region with a SL of 155.
Start trailing the SL as per profit.
This stock should be shorted on all rise till we get a close above the channel.
Its also moved below 200 EMA, which further signifies the weakness.
Positional short with Target of 133
Try to short near 150 Region with a SL of 155.
Start trailing the SL as per profit.
Note
Note
Short Setup still Valid, Lets see on Monday. If by late afternoon you see this stock closing in RED then sell it for positional targets given above
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.