Buy NHPC around 30.2 avg @ 27.8 TGT 42/88/115 sl below 24The 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 future potential
Nhpcltd
NHPC up side view.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 Short Term ReversalThe 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.