NHPC - Powerful Breakout
Updated
It has been observed on the daily and weekly chart that the price action breaks out from a downward trending line at support zone indicating buyers come back. Once it closes above 29 levels then it shall further race up to new high levels.
The company is also at good valuations, trading near its book value of 27. With low P/E and continues growing revenue, it is qualifies to be good long term investment in power sector.
Short Term View:
T1-30
T2-33
SL 27
The company is also at good valuations, trading near its book value of 27. With low P/E and continues growing revenue, it is qualifies to be good long term investment in power sector.
Short Term View:
T1-30
T2-33
SL 27
Trade active
Trade active
Trade closed: target reached
Today, Target 1 almost reached. Closing shall further decide momentum. Thanks
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