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.
Nota
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.