Price and trend forecast of NHPC for Tomorrow, Weekly, Monthly
NHPC Limited
Symbol: NSE:NHPC
ISIN: INE848E01016
96.09
As on 2024-09-06
NHPC's Today's Performance
NHPC Limited started the day by opening at 97.99 today 2024-09-06. Its shares reached a high of 98.43 and dipped to a low of 95.50 in intraday. When the markets closed, NHPC’s stock price settled at ₹96.09 per share. Also check out its key support and resistance levels.
NHPC Buy/Sell Targets
Tomorrow, sell NHPC when its price reaches ₹ 96.09 with a stop-loss order at ₹ 97.05. You can set the target price as ₹ 95.14 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of NHPC for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for NHPC
Downside Targets | Value in ₹ |
---|---|
Tomorrow Down Target 1 | 98 |
Tomorrow Down Target 2 | 100 |
Tomorrow Down Target 3 | 101 |
Important Levels for NHPC
Holding Levels | Value in ₹ |
---|---|
Tomorrow Up Target 1 | 95 |
Tomorrow Up Target 2 | 94 |
Tomorrow Up Target 3 | 92 |
Based on where the stock opens tomorrow, if NHPC opens on a positive note, our first target will be ₹98. If Target 1 is achieved, we will aim for Target 2 which is ₹100.
But if NHPC falls below the average value of ₹96.67, you can enter a sell side position with target number 1 - ₹95 and second target - ₹94 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of NHPC
Looking at NHPC, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, NHPC has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for NHPC is moderate bullish.
Tomorrow's Volume based share price Forecast for NHPC
NHPC's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -35%.
Reversal detection for NHPC
NHPC may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹98 in morning tomorrow
Target 1 tomorrow | 98 |
Target 2 tomorrow | 98 |
Target 3 tomorrow | 100 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with NHPC's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if NHPC opens on a positive note, our first target will be ₹97.85. If Target 1 is achieved, we will aim for Target 2 which is ₹99.60.
But if NHPC falls below the average value of ₹96.67, you can enter a sell side position with target number 1 - ₹94.92 and second target - ₹93.74
NHPC's Weekly Targets
1st Up Target | 99.23 |
2nd Up Target | 102.36 |
1st Down Target | 94.23 |
2nd Down Target | 92.36 |
As the week for NHPC ended on bearish sentiments, we can expect further continuation of this sentiment. NHPC's initial target will be 99.23 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 94.23 in the upcoming week.
Weekly OHLC Values
Open | 100.00 |
High | 100.50 |
Low | 95.50 |
Close | 96.09 |
Week for NHPC started with an open price of 100.00, and the close was at 96.09. NHPC reached the highest of 100.50 and dipped lowest up to 95.50 last week. This indicates a bearish sentiment for the week.
NHPC full month swing targets
Monthly Up Target 1 | 104.23 |
Monthly Up Target 2 | 107.36 |
Monthly Down Target 1 | 89.23 |
Monthly Down Target 2 | 82.36 |
Targets of ₹104.23 can be expected to be reached in the coming month. Once NHPC achieved this target, we can aim for the next upside target of ₹107.36.
NHPC if fails to hold upside, down targets of ₹89.23 and ₹82.36 can be achieved by end of this month.
For complete three weeks if NHPC is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as NHPC
Symbol | Name | Industry |
---|---|---|
NTPC | NTPC Limited | Utilities - Regulated Electric |
ADANIGREEN | Adani Green Energy Limited | Utilities - Renewable |
POWERGRID | Power Grid Corporation of India Limited | Utilities - Regulated Electric |
ADANIPOWER | Adani Power Limited | Utilities - Independent Power Producers |
TATAPOWER | Tata Power Company Limited | Utilities - Independent Power Producers |
Summary
NHPC is expected to reach the target of 97.85 in tomorrow's trading session.
After achieving the initial target in NHPC, we will aim for higher targets of 99.60 tomorrow.
However, if NHPC starts to trade below ₹96.67, then we will shift our focus to the sell side and aim for down targets of 94.92 and 93.74.