NHPC -- INTRADAY SETUP -- 05/07/2022

NHPC -- HOURLY CHART - INTRADAY SETUP -- 05/07/2022

1. stock currently trading upper channel after downtrend bottom seen around 29 level and V shape formation of chart pattern

2. support taken at lower level of channel today and pullback seen from that level .

3. MACD bullish cross seen at current level

4. stock trading above 21,44,200 HMA

5. BUY can be initiate at between 31-31.50 for intraday target 32-32.50-33 stop loss can be place bellow channel support at 30.25

6. intraday support at 30.50 and resistance at 33 level

7, RSI at mid range 49 level


** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!!

HAPPY TRADING !!