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
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
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...
NHPC Ltd. engages in the business of generating hydroelectric power. It also engages in activities, such as contracts, project management and consultancy works. The company's services include construction, generation, operation and maintenance of power stations and projects. It provides consultancy services, which include survey and investigation, planning, design and engineering, construction, operation and maintenance, renovation, modernization and upgrading of hydro power projects and other associated works. The company was founded on November 7, 1975 and is headquartered in Faridabad, India.
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NHPC
