NHPC LTD NSE:​NHPC

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

NHPC BUY ABOVE 24.40

triangle breakout

SELL Below 24.05. Double bottom pattern. Tweezer top candle formation. And trend line reversal.

Just keep tracking NHPC. May go big if govt. plans are in favor.

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

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.

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

NHPC 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

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 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

May reach 33.50 SL below 31.70 on closing basis.Time One week

Is 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.

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.