Thursday, 20 August 2020

#NHPC - #StockToWatch

 NHPC - Good Positional Pick 

  • Price Volume Action Observed 
  • Price up 12.7% with 7.8x volumes 
  • RSI Trending in overbought zone 
  • Closed above 200 DEMA 21.75) after long consolidation as marked on the chart 
  • Positive Crossover in DI 
  • ADX Signal Strength Good 
  • MACD positive above zero line
Given stock is in over bought territory there might be some correction that can provide Opportunity.  Stock may take support near 22 

For Educational Purpose Only 

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