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.
Trade active
Week ending 27th Dec was a doji week and Trade set up is intact. Note
Review: Week ending 03rd Jan was also a Doji and also completed testing 20 DEMA. Short trade is intact.Trade closed: target reached
12-Jan-25 Review: Target Reached 
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