Buy NHPC@23.70 stoploss 22.50 Target 26.50 and Next
Current price is traded below of intrinsic value as per fundamental, Looks very fair at this level but should have to wait until demand zone reach For a short term perspective strong support level is @ 23.76-23.35, SL @ 23.05 For Long term perspective we have a good demand level @ 22.50-21.90, SL@21.60
INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 26, 2018) NHPC #BUY ABOVE 24.4
INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 26, 2018) NHPC #BUY ABOVE 24.4
Can this double bottom considered as a monthly retracement or a signal for its uptrend in monthly time frame lets see what it does. there are more chances for formation of double top near the strong zone which may lead to range bound market
SELL Below 24.05. Double bottom pattern. Tweezer top candle formation. And trend line reversal.
Possible Pull back done, may go long above 30.05. SL 29. T: 32.85
we can observe there is combination of inverse head & shoulder with cup pattern or rounded bottom
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
Some are fond of Tea and Keep Looking for Cup with Handle... My Disclaimer - 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...
Regular Divergence, Bullish Engulfing, Support from trendlines and decent volum3 on last weeks.