NeeteshJain

NTPC Confirmed Bearish Pin-Bar Candlesticks

Short
BSE:NTPC   NTPC LTD
The Pin Bar Candlesticks formation indicates change in trend. If it is found near important resistance level then it signals selling pressure and rejection of prices on high level as indicated the above chart.

Therefore, it is an important formation to measure market sentiments and as per above chart it indicates high selling pressure or profit taking signals short.

Target: 154
Stoploss: 160