NHPC Ltd (Daily)
NHPC
Technical Analysis
Trend: Short-term downtrend earlier, now showing base formation.
Structure: Stock bounced from ₹74–76 support and crossed ₹78.
Price Behaviour: Higher low formation visible on daily chart.
Momentum: Recovery is gradual, not impulsive — indicates controlled accumulation.
Key Levels:
Support: ₹77 → ₹74 → ₹71
Resistance: ₹80 → ₹84.5 → ₹88.8
Fundamental Analysis
Business: India's largest hydropower generation company.
Earnings: Stable cash flows with regulated returns.
Sector Tailwind: Renewable and green energy focus from government.
Risk: Weather and monsoon dependence.
Summary View
Defensive, stable business in early technical recovery phase.
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