NHPC is prepping for a long term multi year break out and there are few important points to note
1. Monthly average volume of delivery is around 50% 2. NHPC arm to develop 10 GW renewable energy parks in Rajasthan 3. NHPC Consolidated June 2022 Net Sales at Rs 2,785.14 crore, up 15.23% Y-o-Y (10th Aug) 4. Chart has formed a round bottom recovery which shows a multi year accumulation and consolidation
Strategy
Start adding slowly at CMP. Add highest amount between 29 to 35.