NHPC - FLAG BREAKOUT

NHPC --HOURLY CHART - FLAG BREAKOUT

1. On Hourly chart resistance breakout seen around 33.70 level

2. flag Pattern as well as trend line breakout seen at 33.40 level

3. Stock has strong support around 32.75 level where bounce back seen after recent fall

4. stock cmp 33.90 near term resistance around 34.30 candle close above this level target 35-37 can seen as short term ( 1 month )

5. wave trend turn positive bullish .

6. RSI daily seen bullish at 62 level

7. MACD above center and signal line at daily chart.


BUY NHPC @ 33.90

Target 35-37+

Stop Loss 31.75

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

HAPPY TRADING. !!