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NHPC LTD.

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NHPC trade ideas

Positional or Longterm Opportunity on NHPCGo Long @ 84.65 for Targets of 91.6, 98.55, 105.5 and 112.45 with SL 77.7 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.382 Fibonacci level. 3. Also there is a strong support zone (marked with green color), from which the stock is taking support and moving up.
NSE:NHPCLong
by Nimish_Ghagare
2
IS IT TIME FOR REVERSAL IN NHPCNHPC has been moving in a Parallel Channel from January. No green candle has closed above the upper trendline. There is also a Resistance Zone between 115-119. After testing the above resistance zone the price has been continuously falling to touch the Bottom Trendline. Yesterday a green candle has been formed signalling a trend reversal. A buy can be initiated above the candles high for a 1st Target of 116 and a 2nd target of 126 if it breaks the Resistance zone.
NSE:NHPCLong
by eastwind65
NHPC bullish; above 118 ? - Monday 15-July.The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%) Both Safe Traders/High Risk Traders book profits at this stage SWING Trading Strategy: Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
NSE:NHPCLong
by JJ_Breakouts
NHPC--Symmetrical triangle pattern Breakout --Consolidating tight range --Double bottom --shortterm Target green horizontal lines -mid term Target 140/150 --Long term target 200/220 Disclaimer: - The view expressed here is my personal view - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance -- Do your own analysis and consult your financial adviser if needed
NSE:NHPCLong
by shreks14
NHPC upside target 156 if closes above 120NHPC is near to close rounding bottom pattern but has not completed it yet. A daily close above LTH or better 120 will confirm it but if one want to take early entry then must wait for hourly candle to close above 120 and seeing price action can make early entry. Till LTH is not broken trade is not active. If the trade becomes active then target can be up to 156 and stop loss trail strategy must be used to safeguard profit earned. for a trade executed at 120, stop loss can be 10% i.e. around 108 and profit target is 30% upside so ~156 1:3 RR. * It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.
NSE:NHPCLong
by brainyAccount81243
NHPC - Medium Term Analysis### Volume Contraction Pattern 1. **Ascending Triangle**: The price action forms an ascending triangle, which is typically a bullish continuation pattern. The price is making higher lows while the resistance level remains relatively flat. 2. **Volume**: There's a noticeable decrease in volume during the formation of the triangle, which is common as traders await a breakout. ### RSI Breakout 1. **RSI Indicator**: The Relative Strength Index (RSI) is breaking above the downtrend line, which is a bullish signal indicating increasing momentum. 2. **Current RSI Level**: The RSI value is 73.30, which is in the overbought territory. This could imply strong buying pressure, but also warrants caution for a potential pullback. ### Price Levels 1. **Current Price**: The stock is trading at INR 114.07. 2. **Resistance Levels**: Key resistance levels are identified at INR 145.27 and INR 176.28. These levels can serve as potential targets if the breakout sustains. ### Overall Analysis - **Bullish Outlook**: The breakout above the ascending triangle's resistance, combined with the RSI breakout, suggests a strong bullish momentum. - **Volume Confirmation**: Ideally, a breakout should be accompanied by an increase in volume to confirm the strength of the move. - **Caution on Overbought RSI**: Although the RSI breakout is bullish, the overbought level suggests that there might be a short-term pullback before the price continues higher. ### Strategy - **Entry**: Consider entering a position if the price sustains above the breakout level with increased volume. - **Targets**: Set targets around the identified resistance levels (INR 145.27 and INR 176.28). - **Stop-Loss**: Place a stop-loss slightly below the breakout level or the most recent swing low within the triangle to manage risk. This analysis assumes a bullish bias given the technical indicators. However, always consider broader market conditions and perform due diligence before making any trading decisions.
NSE:NHPC
by brijmohan_h