Here'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 :)
Recap :
Mentioned already on yesterday analysis that Bears have started dominating bulls you can read that in link below.
Morining Just started with bearish candle at 9.15 closed below previous day low following with long legged doji candle and once that doji low broken at 9.45 Am it got confirmed that bears are ready to dominate Later on bounced from daily...
There were years of consolidated stock finally gave a huge breakout.... But yes, we should need to wait for retest somewhere around 200 Rs....
Would you mind to invest? Comment yes or no below.....
powergrid have trendline support
consolidating above trend line
buying side from here if sustain below trend line then sell side
resistance 235 after trend line breakdown 190 downside support
As of now we can see that the stock was trading between tight range and today it gave breakout .....and it was near to upper circuit...
it was trading above its 200 EMA and holding it, if tommorow it gave closing above 1570...then definetly we will achive our all targets in 2-3 days ..
Good Buying Happend ....with strong green candle sharpe move MARUBOZU...
