NHPC chart analysis

Updated
Hello All,
As per chart analysis of NHPC, break out has been achieved above strong resistance at 103-105 level.
Expected continue uptrend with short term target of 130 levels.

Kindly know this is not a financial advice. Please do Your own research before investing.
Thank You.
Note
NHPC reached yet another crucial level of 114 /- breaking this level n closing above 115-116 will make it achieve the 130-140 target soon. keep watching.
Note
Mrkets witnessed panic selling on thursday because of suspected manupulation by by big investment firms. most logical reson being that they want to buy too at lower levels before budget boost the indian market to new heights.
do not panic .
Note
Strong support received at the previously identified break out zone. good bullish closing and can expect upmove from here. good time to enter position.
Note
Quarterly results Q-to-Q is good. expect good opening.
Due to market volatility ,from current level we should keep 120 as the first target where it will meet resistance.
if 95level is broken then expect further fall.
Chart PatternsTechnical IndicatorsTrend Analysis

Disclaimer