NHPCAfter a fall of 34% from the High of 118.40, it took support at 77.50 for the 4th time forming a W pattern. we can see a slight volume pump. In last 3 trading session its consolidating in a range of 80.80 to 83.40, closing above 83.40 can get quick move till 85.00 where it can face resistance.
Daily closing above 85.00 will activate W pattern and we can target for 91.50 and 95 level with SL of 83.40
NHPC
NHPC 1D T FNSE:NHPC is near a demand zone which has multiple touch points making it stronger. This can be traded either up or down. We can wait for confirmations from the price and then we can get into the trade
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
INVERSE HEAD N SHOULDER IN NHPCNHPC Limited (National Hydroelectric Power Corporation) is an Indian public sector hydropower company that was incorporated in 1975 to plan, promote and organise an integrated and efficient development of hydroelectric power. Recently it has expanded to include other sources of energy like solar, geothermal, tidal, and wind.
In Past few weeks we see a good consolidation in stock and now NHPC is ready for breakouts.
CMP : 97.80
STOP LOSS : 95
1st Target : 105
2nd Target : 110
3rd Taget 120
Disclaimer : its not buy or sell recommendation
NHPC Ltd - Breakout OpportunityDate : 27-Mar-2024
Rating : Buy - Positional Trade
LTP : Rs. 88.85
Targets: (1) Rs. 115 --> (2) Rs. 142
SL : Rs. 80
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.
NHPC AnalysisHere's another good quality stock on my radar, NHPC.
A great power company, fell pretty hard during the correction in March but now looks like, it's back in the move.
Here are the details about the analysis-
CMP- 91.50
Target- 100
Stoploss- 88
Duration- 1-2 months
Fundamentally good company which, now, looks good on charts.
let me know what you think about it :)
NHPC - Long Setup, Move is ON...#NHPC trading above Resistance of 98
Next Resistance is at 117
Support is at 79
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NHPC - Long Setup, Move is ON...#NHPC trading above Resistance of 79
Next Resistance is at 98
Support is at 57
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NHPC | Multiyear Breakout📊 Details
NHPC, a Mini Ratna category I public sector utility, is Government of India’s flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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NHPC - Long Setup, Move is ON...#NHPC trading above Resistance of 57
Next Resistance is at 79
Support is at 46.50
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NHPC - Long Setup, Move is ON...#NHPC trading above Resistance of 46.50
Next Resistance is at 57
Support is at 37
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Symmetrical triangle breakout in NHPCChart -> NHPC Weekly
CMP: 42.85
Good range: Around 40
Targets: 47, 50.50 and 54
SL: 38.50 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
NHPC - Broke its all time high (Swing Trade)🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio)
After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
NHPC: Buy on pullback: Monthly chart saucer formationNSE:NHPC has an interesting formation in the monthly chart, a perfect rounding bottom / saucer formation. It can be flying saucer as well :)
Some features noticed in monthly chart:
A 12 years long Saucer formation breakout. ATH attained.
There is a clear ascending triangle, basically a nice uptrend channel (shows as cyan colored channel in the chart).
Of course we shall not jump into buying. Shall wait for a pullback on the green horizontal support like (around 41) or even better around the dotted cyan line (of the channel) around 37.
Buy around 40 (or more retracement upto 37) with a SL of 33 for a target of 50+ (upto a year holding).