The stock has broken out and retested, therefore it may undergo a rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the upper trendline. The target is placed near swing high.
Stock Analysis: NHPC has broken the channel and retest done, expected to reach the given target. let see.. Happy Investing!
The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 1.5:1 SL is placed below support zone & the lower trendline. The target is placed near all time high based on fundamentals.
NHPC Equity Levels ...02/08/2021 (D candle)
NHPC looks good if it holds 15 level targets could be 35,55 forming CupandHandlepattern
Analyzing the Weekly and Daily Charts, NHPC is near its critical resistance zone. Go Long once it breaks the zone, or short for a reversal thereon.