NTPC LTDShort
NTPC Swing SHORT
NTPC made a 7 week, 20% down move in Oct and Nov 2024 and then was consolidating for 3 weeks around its 200 day moving average. This week (16th Dec 2024) it broke away from the small consolidation cluster and is continuing down move.
Bearish momentum and poor relative strength aligns with bearish down move to next support zone 305 to 315. This zone has confluence of supports and would look for multi-week consolidation/upward retracements.
Sharing for educational purposes.
Bearish momentum and poor relative strength aligns with bearish down move to next support zone 305 to 315. This zone has confluence of supports and would look for multi-week consolidation/upward retracements.
Sharing for educational purposes.
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