NTPC Ltd at its 5 year low.

Yearly Chart

• Ntpc declined for about 12% in today's session and now it is standing at is 5 year low.
• Today's opening was a Gap down opening, and it started declining further.
• It opened at its high and closed at its low , forming at long black candle , top[ 128.60] or middle[ 122.47] of which, now could serve as immediate resistance for any immediate rally, which is bearish for the stock for the short term thus further weakness may be seen in the stock.
• Volume was considerable very high [ approx 15 times of its average volume.]
• Its further support is at 113, 99, 85.