BharatJhunjhunwala

NTPC - Corrective pullback ending soon?

Short
NSE:NTPC   NTPC LTD
The stock seems to be into a corrective pullback. The RSI is halted near 60 levels and curled down. The correction may take the shape of ABC pattern. Breaking of the upward sloping channel will confirm the pattern.

Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com