NHPC Limited Stock Forecast
Green day on Wednesday for NHPC Limited
(Updated on Jul 03, 2024)
The NHPC Limited stock price gained 2.48% on the last trading day (Wednesday, 3rd Jul 2024), rising from ₹99.00 to ₹101.46. During the last trading day the stock fluctuated 2.70% from a day low at ₹99.26 to a day high of ₹101.94. The price has been going up and down for this period, and there has been a 1.36% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 million more shares were traded than the day before. In total, 62 million shares were bought and sold for approximately ₹6.33 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹97.61 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.89% during the next 3 months and, with a 90% probability hold a price between ₹109.22 and ₹131.34 at the end of this 3-month period.
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NHPC.NS Signals & Forecast
There are mixed signals in the stock today. The NHPC Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹101.47. On a fall, the stock will find some support from the short-term average at ₹99.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -10.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for NHPC Limited stock
NHPC Limited finds support from accumulated volume at ₹99.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹2.68 between high and low, or 2.70%. For the last week the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NHPC.NS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect NHPC Limited to open at ₹100.89, and during the day (based on 14 day Average True Range), to move between ₹98.19 and ₹104.73, which gives a possible trading interval of +/-₹3.27 (+/-3.22%) up or down from last closing price. If NHPC Limited takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹101.75 (0.29%) than the support at ₹99.25 (2.18%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is NHPC Limited stock A Buy?
NHPC Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.376 Sell Candidate Unchanged
Predicted Opening Price for NHPC Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| ₹100.89 ( 0.565%) | ₹101.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NHPC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 103.57 | 2.08% |
| R2 | 102.54 | 1.07% |
| R1 | 101.91 | 0.444% |
| Price | 101.46 | |
| S1 | 99.86 | -1.57% |
| S2 | 99.23 | -2.20% |
| S3 | 98.21 | -3.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.25 | 5.71% |
| R2 | 103.10 | 1.62% |
| R1 | 101.75 | 0.286% |
| Price | 101.46 | |
| S1 | 99.25 | -2.18% |
| S2 | 97.40 | -4.00% |
| S3 | 97.35 | -4.05% |
NHPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 13, 2024 | ₹1.40 | 1.79% |
| 2 | Aug 22, 2023 | Aug 22, 2023 | Aug 22, 2023 | ₹0.450 | 0.90% |
| 3 | Feb 17, 2023 | Feb 17, 2023 | Feb 17, 2023 | ₹1.40 | 3.50% |
| 4 | Aug 10, 2022 | Aug 10, 2022 | Aug 10, 2022 | ₹0.500 | 1.47% |
| 5 | Feb 22, 2022 | Feb 22, 2022 | Feb 22, 2022 | ₹1.31 | 4.55% |
FAQ
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