NHPC : Buy or Sell Analysis

Public sector stocks are the flavour for the year.

Investors have paid higher prices over time to buy NHPC Limited and the stock is in a rising trend channel in the medium long term. 

Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. 

The stock has built a double bottom formation and given signal of further rise to 41.13. On reactions back, there is now support at 39.95. It also gave positive signal from the rectangle formation at the break up through the resistance at 36.44. Further rise to 47.45 or more is signaled. 

The stock has support at rupee 38.70 and resistance at rupee 45.30. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend. The stock is overall assessed as technically positive for the medium long term.

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NHPC Limited, formerly known as National Hydroelectric Power Corporation, is a public sector undertaking and a hydroelectric power generation company based in India. It was incorporated in 1975 and is headquartered in Faridabad, Haryana. The company is responsible for the development of hydroelectric power in India, and operates several hydroelectric power plants across the country.

NHPC has a strong presence in the Indian power sector and is known for its expertise in the development, construction, and operation of hydroelectric power projects. The company's portfolio includes several large hydroelectric power projects that are under construction, as well as several projects under development.

In terms of financial performance, NHPC has reported steady revenue and profit growth in recent years. The company has a strong reputation in the Indian power sector and has received numerous awards and recognition for its performance.

It is important to note that it's always recommended to do your own research and due diligence before making any investment decisions. Make sure you have a good understanding of the company, its industry and its financial performance. Additionally, it's always a good idea to consult with a financial professional before making any investment decisions.