NTPC LTDLong
Trading below all Averages - Bearish Long
Lost short term up trend line at around 92,85 then lost support at 92 after trying to reclaim it and got rejected quite harshly.
85 is the lower end of the Demand Zone after which is 70.90 where the local bottom was made on the 23rd of March.
Even though its lost its uptrend line am gonna double down at 85 since after being over sold we can only start creeping up the other way .
this one will have to be patient its at breaking point and in my opinion 1 last shake out before we ascend.
Get out of the trade if you're not comfortable and not planning on averaging down your buy.
Targets still the same .
85 is the lower end of the Demand Zone after which is 70.90 where the local bottom was made on the 23rd of March.
Even though its lost its uptrend line am gonna double down at 85 since after being over sold we can only start creeping up the other way .
this one will have to be patient its at breaking point and in my opinion 1 last shake out before we ascend.
Get out of the trade if you're not comfortable and not planning on averaging down your buy.
Targets still the same .
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