NHPC upside target 156 if closes above 120

13 Tem

NHPC is near to close rounding bottom pattern but has not completed it yet. A daily close above LTH or better 120 will confirm it but if one want to take early entry then must wait for hourly candle to close above 120 and seeing price action can make early entry.

Till LTH is not broken trade is not active. If the trade becomes active then target can be up to 156 and stop loss trail strategy must be used to safeguard profit earned.

for a trade executed at 120, stop loss can be 10% i.e. around 108 and profit target is 30% upside so ~156 1:3 RR.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.

15 Tem

Not

new LTH of 118.40 made today, but getting rejection as well, that is why hourly/daily close above 120 is needed.

7 Ağu

Not

The stocks seems to be making C&P pattern and for that 96 must not be broken so stock can be purchased near 100-97 range and 95 as stop loss, stop loss must be trailed if it moves up by 2 points for every 5 points up move.
If it makes C&P over the course then the call will get activated but above comment is to make some early entry with minimum loss.

7 Ağu

Not

The stocks seems to be making C&P pattern and for that 96 must not be broken so stock can be purchased near 100-97 range and 95 as stop loss, stop loss must be trailed if it moves up by 2 points for every 5 points up move.
If it makes C&P over the course then the call will get activated but above comment is to make some early entry with minimum loss but stock is weak and it will take time to complete C&H if it follow the expected theory.