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.
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.
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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
