NHPC -- HOURLY CHART - INTRADAY SETUP -- 05/07/2022
1. stock currently trading upper channel after downtrend bottom seen around 29 level and V shape formation of chart pattern
2. support taken at lower level of channel today and pullback seen from that level .
3. MACD bullish cross seen at current level
4. stock trading above 21,44,200 HMA
5. BUY can be initiate at between 31-31.50 for intraday target 32-32.50-33 stop loss can be place bellow channel support at 30.25
6. intraday support at 30.50 and resistance at 33 level
7, RSI at mid range 49 level
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!!
HAPPY TRADING !!
1. stock currently trading upper channel after downtrend bottom seen around 29 level and V shape formation of chart pattern
2. support taken at lower level of channel today and pullback seen from that level .
3. MACD bullish cross seen at current level
4. stock trading above 21,44,200 HMA
5. BUY can be initiate at between 31-31.50 for intraday target 32-32.50-33 stop loss can be place bellow channel support at 30.25
6. intraday support at 30.50 and resistance at 33 level
7, RSI at mid range 49 level
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!!
HAPPY TRADING !!