combination of cup and head shoulderswe can observe there is combination of inverse head & shoulder with cup pattern or rounded bottom
NHPC trade ideas
NHPC - Inverted H&S pattern NSE:NHPC has formed a inverted H&S pattern.
One can go long above 28.90
T1 - 31.40
T2 - 34.40
Sl - 27.30
Would this bring Smile with Tea - NHPC...?Some are fond of Tea and Keep Looking for Cup with Handle...
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I am neither professional nor a registered analyst with SEBI or any other body, I read price and time charts for my own study and may or may not take any position on any of them.
If I share my study with you, it is purely for Study purpose, and any Profit/ Losses arising out of anyone taking any position shall be at their sole risk and responsibility and I or anyone associated with me shall not be responsible for any instances whatsoever.
Trading or investments are financial decision and should be taken in light of all risk involved and on advise of a qualified, certified and registered professional advisers.
Please do not TRADE until you have made your study or taken a piece of advise.
Thanks.
bullish on weekly chartRegular Divergence, Bullish Engulfing, Support from trendlines and decent volum3 on last weeks.
NHPC short term viewNHPC Crossed the parallel line. MACD going to cross the mid line , RSI positive, Stochastic is in mid level in daily chart and oversold region in weekly chart. These Indicators also helps to move further.
Target range is 28.9,29.3,29.8,30.2& 31.25.
Stoploss is 27.15
NHPC - Powerful Breakout It has been observed on the daily and weekly chart that the price action breaks out from a downward trending line at support zone indicating buyers come back. Once it closes above 29 levels then it shall further race up to new high levels.
The company is also at good valuations, trading near its book value of 27. With low P/E and continues growing revenue, it is qualifies to be good long term investment in power sector.
Short Term View:
T1-30
T2-33
SL 27
NHPC : Up or Down ???Only for the purpose of study. No recommendations Intended.
Note: SL can be kept as per one's risk appetite. Targeting atleast 1:2 risk reward.
NHPC bullish harami cross and channel touchNHPC has formed bullish harami cross today and its formed a higher bottom(probably)
Buy around CMP and hold for a min target of 34.03
NHPC BullishIs it a flag? It is very bullish overall. Standing over multi year resistance and has already corrected. So now should be the time to move. But i never trust the market. If it comes back into the channel, it shall go slowly then.
NHPC SHORT Channel and Divergence. Channel and RSI Divergence are suggesting a short at current level for a target of 28.30 by providing a suitable Stop loss. However one can notice that Primary trend started on Aug 2015 is still intact and driving the prices higher so it is not for trend follower but small contra trend to add fast profit to your capital and exit.
NHPC not able to close above 30 thrice
Close above 30 with good volume will be positive for stock. Since 2011 this level acting as resistance.
Wait and watch...
Beautiful Downstairs formation good Risk reward NHPC shortThe formation itself is telling clearly where it wants to go so just follow the price movement. Stop loss little above the latest picot which is also beautifully aligned with fib 61.8 level.
