NeeteshJain

NTPC in Bearish Butterfly Pattern (SELL)

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BSE:NTPC   NTPC LTD.
Weakness in buying due to following points:

1. Formation of Bearish Butterfly Pattern at 1.272, creating a high where most profit taking takes place

2. RSI divergence, weakness in trend and buying

3. Touching previous structure support now acting as resistance.

RISK & REWARD: 1:3
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