So the two together would provide some reduction in DHT effects, but the results would be proviron dose dependant. See if smaller doses of proviron will have some of the desire effects. Probably no way that you can eliminate all of the potential risks. Meanwhile, with your depressed hormone state, your DHT has been low as well. Maybe if you are taking proviron in a fashion to replace your lost DHT levels [small doses] then you might not be creating hair loss activity than you would have had before all of this started. That low DHT status will change as the effects of nolvadex and HCG activate LH and your testes directly.