NHPC LTD
Panjang

NHPC Long

NHPC is prepping for a long term multi year break out and there are few important points to note

1. Monthly average volume of delivery is around 50%
2. NHPC arm to develop 10 GW renewable energy parks in Rajasthan
3. NHPC Consolidated June 2022 Net Sales at Rs 2,785.14 crore, up 15.23% Y-o-Y (10th Aug)
4. Chart has formed a round bottom recovery which shows a multi year accumulation and consolidation


Strategy

Start adding slowly at CMP. Add highest amount between 29 to 35.

Hold for target 52-58

26 can be kept as stop loss

Duration 18 months
Chart PatternsFundamental AnalysisNHPCnhpcltdTrend Analysis

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