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 :)
--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 /...
✓ Descending Triangle Breakout
✓ Made Double Bottom In Short Term Charts (breakout Awaited)
✓ Ready For A Move In Short To Mid Term For 100-110-125
✓ For Long Term 150-175-200
Date : 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...
Traingle pattern
1st minor support :- 80 (50%) NSE:NHPC
2nd major support :- 72 (38.2%)
Method used :- Fibonacci retracement
Long if breaks above
1st resistance :- 95
Wait for confirmation. It's in premature stage.
NHPC might give a good swing and possitional opportunity if closes above or breaks 74-75
S.L at 68
one can go for the Targets like 85, 100+
Note: if any trade or value thats gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
The 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...
#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...
#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...
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS}
NHPC Ltd.
Target: RS 95
CMP: RS 87.60
ENTRY RANGE: 85.84-89.35
STOP LOSS: RS 80
Disclaimer: I am not Sebi Registered.
NHPC is at all time high, has breakout potential looks out for being an opportunity. I have analyzed for ideal stop loss and target. Trade accordingly.
Warning: This is only for educational purpose
📊 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...
