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NTPC in Bearish Butterfly Pattern (SELL)
NTPC LTD.
Short
NTPC in Bearish Butterfly Pattern (SELL)
By NeeteshJain
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Jun 6, 2016
6
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4
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Jun 6, 2016
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
Bearish Patterns
BSE
Butterfly
NTPC
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