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NTPC at important Resistance level

 
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Author NTPC at important Resistance level
sonshu101
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Post: #1   PostPosted: Sun Aug 05, 2012 1:36 am    Post subject: NTPC at important Resistance level Reply with quote

170 odd level is a great resistance for NTPC. if resisted one can see 160 levels soon. Positional sell call Smile


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sonshu101
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Post: #2   PostPosted: Sun Aug 05, 2012 1:43 am    Post subject: Reply with quote

SL around 173.8 which 61.8 fibo retracement of fall of 190 to 140.


Comments from experts will be appreciated Smile
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sonshu101
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Post: #3   PostPosted: Mon Aug 06, 2012 8:35 pm    Post subject: Reply with quote

Despite of nifty showing strength today NTPC respected resistance and closed at 165.50 after touching 168.50 in morning.

Smile
It may head towards 162 levels in short term
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ravionlinek
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Post: #4   PostPosted: Mon Aug 06, 2012 10:43 pm    Post subject: 163--160--157 Reply with quote

there is enough chances that it will touch 163--160--157

as ur chart suggesting its Resistance &
if u have 60 Min chart its showing -Divergence happen today....
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sonshu101
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Post: #5   PostPosted: Tue Aug 07, 2012 12:00 am    Post subject: Reply with quote

Ya but it better to book partials. With divergence you mean it has started it fall right?
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sonshu101
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Post: #6   PostPosted: Tue Aug 07, 2012 12:20 am    Post subject: Reply with quote

Another stock good candidate for shorting is HDFC Smile trapped in tight for 2 years again going to touch resistance.
Short near 717-19 levels.

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