NTPC :SELL ON RALLY STOCK

Every time NTPC stock tries to rally – Bears hammer it down. This trend has been in place for 3 years now

Here’s the NTPC weekly chart:

 Every stock has a behavior of its own which it develops over time and then stays with it till a powerful force breaks that cycle. NTPC since last 3 years is getting hammered at 100 week ma and every rally has failed to move past it. As long as stock stays with this behavior – it will fail to attract bullish investors and traders. It’s a classic text Book: Sell the Rally stock as of now. Any Breakout past 100 week ma would change the trend but that does not appear happening as of now.