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NHPC STOCK ANALYSISThe chart is self-explanatory and shared for educational purposes. 1. Moving Averages (MA): NHPC stock is trading above the 50, 150, and 200-day moving averages. This is often considered a bullish signal, indicating that the stock is in an uptrend. 2. Trendline Support: The stock has strong trendline support, suggesting that there is a well-defined upward trend in place. 3. High-Volume Breakout with Retracement: A high-volume breakout followed by retracement can be a positive sign, indicating that there might be strong buying interest and potential for further upward movement. 4. Trade with Stop Loss: This is a risk management strategy. Placing a stop-loss order helps limit potential losses if the trade goes against expectations. 5. Short-Term Investment Expectation: The suggestion is for a short-term investment with an expected return of 10-20% within 3 months. It's important to note that while technical analysis can provide valuable insights, it doesn't guarantee future outcomes. Market conditions, news events, and other factors can influence stock prices. If you're considering acting on this information, make sure to conduct thorough research, consider the broader market conditions, and be aware of potential risks.
NSE:NHPCLong
by NK-PK
ADVANI HOTELS - ready for multibagger gainsADVANI HOTELS is a hotel stock listed on the indian stock exchanges. It was initially known as RAMADA INDIA LTD, then changed its name to ADVANI HOTELS. The company was formed by Advani's in collaboration with Ramada International. Technical part : all time high registered after adjustment of splits is 106 and all time low is 20. 106 was in the year 2007. now in 2023, the stock has closed above this level at 110.35, and may see some strong buying from institutions or HNIS leading to some serious changes happening in the company so that the price may touch 200-300 levels after this prolonged period of 16 years since 2007. The buying zone comes at 90-110 keeping stoploss at 75 for multibagger gains. Thanks
NSE:ADVANIHOTRLong
by jai9195
2
Has HDFCAMC bottomed out?HDFC AMC has been in continuous downtrend from late 2019. As we can see on the chart, the stock has recently bounced from a support level with good volumes. The most interesting observation is a positive divergence in RSI during the bounce which might be an indication that stock has bottomed. On Friday, good buying with high volumes has been observed with a bullish candle, almost a marubozu. This stock has an immediate resistance at 1950 so it is better to buy the stock at around 1800-1810 levels for a better risk reward. Kindly trade as per your own analysis. This idea is shared for educational purposes.
NSE:HDFCAMCLong
by chartistamey
1
Natco Pharma- A beautiful pattern mirroring!This will remain as one of my most favourite idea if breakout goes successful. Trade logic: An inverted head and shoulder breakout is on the cards. The most exciting and unique observation from this chart is that a similar IHNS breakout happened in 2021. But the breakout failed. However, the stock again has created an inverted head and shoulder pattern with the same neckline in a much lesser time compared to previous pattern. (4 years then vs 2.5 years now) Stock has cranked up its volume getting ready for a good breakout. Confirmation above 920. I wont be surprised if this stock breaches ATH levels if the breakout is successful. A good pharma stock from investment perspective as well. Keep in watchlist. Do like, comment and follow for such more ideas!
NSE:NATCOPHARMLong
by chartistamey
1
BIOCON - retesting its breakoutBIOCON has consolidated for over 3 years and has spent last 1 year in making a base. This base formation has resulted in Cup & Handle pattern. After breaking out from C&H pattern is has come back to test its breakout level. Recent volumes in BIOCON has also been commendable. Wait for the stock to show rebound above the breakout level before entering into it. CMP 280 Breakout level 278 Target 340 SL 264 Retesting of breakout makes the breakout stronger. Note: It's weekly chart analysis. Don't think short term based on this analysis. Remember: SLs are essentials. Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
NSE:BIOCONLong
by anuragcoma15