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.

WHY BHARTHI AIRTEL IS A CLEAR AVOID

Every Stock Chart tells a story. Bharti Telecom also has an interesting stuff to say..

Here’s the Bharti Telecom Chart

Message # 1: The stock has a defined resistance at 370. It means that’s the best one can hope for in very Bullish market environment. The momentum crowd will trade in the stock only above 370. 
Message # 2: There is no enthusiasm among trading community in the stock and it is barely holding to a trend line with support near 300. But that support does not count for much as there is no aggressive buying that seems to be taking place.
Message # 3: Any weakness in market and Bharti would be the first stock to break down and race towards 250.

What does this all mean?
Bharti Telecom stock is trending sideways to down and is Avoid. It can find support around 300 but the support does not look trustworthy. 


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