NHPC has formed a bullish structure on the daily chart with multiple higher lows and now attempts a trendline breakout above the key zone of ₹87–₹91. This level overlaps with previous resistance and Fibonacci confluence, making it a critical breakout setup.
A successful breakout above ₹91.19 can propel prices toward ₹96+ and possibly ₹113 in the coming weeks.
Key Technical Observations:
Pattern: Ascending Trendline + Resistance Breakout
Breakout Entry: ₹87.77 to ₹91.19
Volume: Rising steadily, indicating accumulation
Resistance Zone: ₹92.34 (Target 1), ₹96.61 (Reversal Zone)
Target Levels (Fibonacci Extensions):
Target 1: ₹92.34
Target 2 / Reversal: ₹96.61
Target 3: ₹103.01
Extended Targets: ₹105.53 – ₹113.68
All-Time High: ₹118.40 (next major resistance)
Invalidation & Risk:
Breakdown below ₹84–₹82.78 zone invalidates the bullish setup
Price may revisit support near ₹76 or the broader support zone at ₹71 if breakout fails
Conclusion:
If NHPC sustains above ₹91 with volume, the breakout setup remains valid with good upside potential. Keep trailing stop loss as it approaches resistance zones.
Disclaimer:
This analysis is for educational purposes only. Not a recommendation. Always do your own research or consult a SEBI-registered financial advisor before investing.
A successful breakout above ₹91.19 can propel prices toward ₹96+ and possibly ₹113 in the coming weeks.
Key Technical Observations:
Pattern: Ascending Trendline + Resistance Breakout
Breakout Entry: ₹87.77 to ₹91.19
Volume: Rising steadily, indicating accumulation
Resistance Zone: ₹92.34 (Target 1), ₹96.61 (Reversal Zone)
Target Levels (Fibonacci Extensions):
Target 1: ₹92.34
Target 2 / Reversal: ₹96.61
Target 3: ₹103.01
Extended Targets: ₹105.53 – ₹113.68
All-Time High: ₹118.40 (next major resistance)
Invalidation & Risk:
Breakdown below ₹84–₹82.78 zone invalidates the bullish setup
Price may revisit support near ₹76 or the broader support zone at ₹71 if breakout fails
Conclusion:
If NHPC sustains above ₹91 with volume, the breakout setup remains valid with good upside potential. Keep trailing stop loss as it approaches resistance zones.
Disclaimer:
This analysis is for educational purposes only. Not a recommendation. Always do your own research or consult a SEBI-registered financial advisor before investing.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.