Pennant formation in NHPC, Moreover volumes are shrinked while retracements and getting above average volumes while going up. Keep in radar, may breakout soon on either side.
CMP- 42.60 T1- 46 T2- 52 FLAG PATTERN BO FOR 'NHPC' with recent good fundamentals.
Kind of a W pattern. charts explain everything. enter in the bullish candle at the retest level.
Can move to 46 over the long term. Too many convergence points at 37 make the support too strong.
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.
Late to the party but can expect a small retracement before further move up. Entry - 35.05 Target 1 - 38.50 Target 2 - 41.80 SL - 32.50
Multi Year Breakout 21 EMA support. Pullback after Breakout only for educational purpose.
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 : Breakout after 12 Years Target Double from here TF : 1 Year Sl : 35
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...
NHPC- A multi-year breakout. For the first time it closes above the level. Keep in watchlist.
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**
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...