NeeteshJain
Short

NTPC in Bearish Butterfly Pattern (SELL)

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
Here is the free link to access my new Telegram Channel: W-Traders (Social) https://t.me/Wtraders
ANY UPDATES BROTHER?
Reply
Kindly Exist your Short Positions and look for a retrace back at 150 levels to have long positions in the same. In case, it closes below 149.50, then you may re-enter your short positions for a target of 143.
Reply
rocky NeeteshJain
THANKS FOR THE UPDATE
Reply
can we short now?
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out