A support/resistance can be seen at Rs. 39.00, if breakout is below the level, downtrend shall continue. If the level acts as a support, first target should be approximately Rs. 40-40.25. Next test of resistance will be level of 41.25 since the chart is following the retracements levels to the absolute perfection.
NHPC has given multiyear breakout and has retest and formed descending triangle on daily timeframe. Trade can be initiated by keeping sl below multiyear breakout level.
NHPC Stock has retested its trendline and moving ahead for its ATH, in coming days TGT of 45-48 may be seen easily on chart keeping trendline supportive.
🔴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...
NSE:NHPC has an interesting formation in the monthly chart, a perfect rounding bottom / saucer formation. It can be flying saucer as well :)
Some features noticed in monthly chart:
A 12 years long Saucer formation breakout. ATH attained.
There is a clear ascending triangle, basically a nice uptrend channel (shows as cyan colored channel in the chart).
...
NHPC looks attractive
Fundamentals : Strong PSU, pays healthy dividend!
Technicals : Life time high breakout with forming big curve
R 1: 52
R 2: 60
R 3: 70
S : 42
NHPC has made breakout in monthly timeframe.
NHPC has formed rounding bottom pattern in monthly timeframe which specifies clear target of Rs.52.
One can enter the trade with clear SL of Rs 42 and keep target of Rs.52.
RSI indicator is also showing stock is in bullish momentum.
Traders are requested to keep their own analysis and risk management in stock.
Thank...
Stock is about to give breakout above 2010 years level
Daily, Weekly & Monthly RSI 60+
Price above Daily, Weekly & Monthly EMA 9,21,50,100,200
If stock able to cross and stay above 42.5 on monthly closing basis, we can see 80-100 as target in next year Diwali
** Education purpose only**
DISCLAIMER: I'm not a sebi registered research analyst, This is for educational purpose only, Take your financial advisor for buy-sell recommendation.
NSE:NHPC
great breakout on daily timeframe
20-25% upside possible in few days.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
Looking very bullish on Weekly chart
View for 3-6 months
It may easily cross 47.
SL would be 34.9.
1:5 Risk to Reward ratio.
Do your own research.
This chart is for education purpose only.
NHPC is prepping for a long term multi year break out and there are few important points to note
1. Monthly average volume of delivery is around 50%
2. NHPC arm to develop 10 GW renewable energy parks in Rajasthan
3. NHPC Consolidated June 2022 Net Sales at Rs 2,785.14 crore, up 15.23% Y-o-Y (10th Aug)
4. Chart has formed a round bottom recovery which shows a...
