Energizing gains – Initiating NHPC buy.Chart timeframe: Daily chart of NHPC.
Pattern formation: Broadening pattern observed.
Support zone: Currently taking support along the parallel channel in the ₹80–₹83 range.
Price outlook: Sustaining this support zone could lead to higher price levels.
Note: Continue monitoring price action for confirmation.
Thank You !!
Nhpcswingsetup
NHPC up side view.It will be best for me to take entry on NSE:NHPC once price retest level of 42.60.
Then hold the same positionally till three targets 43.45, 45.50 & 49.50
Will exit if price trade below level of 41 (only 1.60 point risk)
Note: This is my personal analysis, only for learning.
Thanks.