NHPC: A RETAIL ANALYSIS

1. The daily time frame price has been making a higher high and higher low indicating an uptrend and bullish nature
2. for a market to move in any direction it will require liquidity to fuel it
3. As the trend is uptrend it is always recommended to go along with the trend
4. the price also has been in a channel so there is gonna be liquidity on both sides of the channel
5. So if the market is gonna go up it is either gonna breakdown trap the sellers and then go up
OR
it will break up trap the early bulls by taking pullback and taking out their stop loss and then go up.
6. It is always recommended to wait and then take entry and not immediately after the breakout

Have a profitable Trading!