The stock made a good consolidation and operates in Clean energy projects with huge upcoming and current projects especially in Hydro Electricity and Solar Power on reservoirs with book value @0.95 and PE @ 9.38. Technically the stock is also giving a good breakout and in medium term can be a good pick for portfolio. The company is also a mini ratna and have good...
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.
NHPC is Strong Rejection Zone. It may go 22.90 Rs. This is not time to buy nhpc
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.