NHPC LTD

NHPC waiting for confirmation of support/resistance

A support/resistance can be seen at Rs. 39.00, if breakout is below the level, downtrend shall continue. If the level acts as a support, first target should be approximately Rs. 40-40.25. Next test of resistance will be level of 41.25 since the chart is following the retracements levels to the absolute perfection.

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