NTPC LTD
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NTPC Downward Moving Channel

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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.


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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

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