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Nhpcswingsetup

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.
NSE:NHPCLong
by vicky252
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.
NSE:NHPCLong
by PrakWorld_Traders