NTPC stock has been at receiving end of bears for years now and there seems to be no end of hammering from bears. Yesterday, stock declined 11%.
Here’s the NTPC Weekly Chart
As you can see in the chart above: NTPC stock has got hammering everytime it has tried to inch towards 100 week moving average and this time was no different. There is no sign of bottom. The stock is a prime example of why stocks are avoid when they have weak technical structure and trade below resistance.
We covered this stock on feb 10 .when stock rallied and was at 135. My call was clear sell and today stock is near 116.
here was my post on feb 10
http://trendzofmarket.blogspot.in/2014/02/ntpc-sell-on-rally-stock.html
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"We don't only tell you what stocks did, we tell you why, and we tell you where stocks are headed next. How? By tracking the psychology of the markets, tracking patterns and indicators that reveal where stock prices are trending, giving us high probability trade opportunities."
We invite you to become Premium member of the website and get access to all our recommendations. WE just charge 2500 rs/pm .To join us plz mail us to trendzofmarket@gmail.com
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