Technical View: • NSE:NHPC is in its primary uptrend since long time and was recently going through it's secondary downtrend. • After touching the life time high of 115.85 on 5-Feb-2024, it has retraced 36% to 73.60 level. • NSE:NHPC has broke out from its secondary down trend on 27-Mar-2024 with higher than average volume. • RSI has crossed over 50 on 27-Mar-2024. • On 27-Mar-2024 it has closed above both 20 DMA and 50 DMA. • Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Trade closed manually
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7-May-2024 -------------- Broke down the trend line. Closing the call to save profit. LTP: 97.10 P&L: +9%