Singh_Siddz

NTPC Downward Moving Channel

Short
NSE:NTPC   NTPC LTD
1
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.


Comment:
Comment: 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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