SJVN and IREDA has signed an MOU with Nepal govt to set up the Hydro electric project for an estimated cost of 91Billion Rs.
Technially SJVN is completed a long term consolidation at the demand zone and today's candle shows a 6% strong buying with above average volume.
From all these factors, I am expecting a upward rally with 14% first target and another 13.5% second target in this Power Stock.
All of my analysis is only for study purpose.
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