NHPC - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.0

Here’s a detailed technical analysis of NHPC Ltd

📊 Trend Overview

Current Trend: Bearish consolidation

Price is trading below both 50 DMA (₹85.8) and 200 DMA (₹84.5), indicating short-term and medium-term weakness.

The stock has corrected significantly from its 52-week high of ₹107, reflecting a reversal from peak levels.

📈 Momentum Indicators

RSI (40.8): Approaching oversold territory, signaling bearish momentum but potential for a bounce.

MACD (-0.40): Negative crossover, confirming short-term bearish pressure.

Volume: Below weekly average, indicating reduced participation and indecision.

📉 Moving Averages & Chart Patterns

Support Levels

₹84.5 (200 DMA, strong support)

₹80 (psychological support)

₹71 (52-week low, major support)

Resistance Levels

₹85.8 (50 DMA, immediate resistance)

₹90–₹95 (intermediate resistance zone)

₹107 (52-week high, major resistance)

📎 Bollinger Bands

Price is near the lower band, suggesting oversold conditions and potential for a technical rebound.

Bands are narrowing, indicating low volatility and consolidation.

🔍 Short-Term Signals

Momentum: Weak, with bearish MACD and RSI below 45.

Entry Zone: ₹80–₹84 (if support holds and RSI stabilizes)

Exit Zone: ₹90–₹95 (near resistance or MACD reversal)

🧭 Conclusion

Trend: Consolidating with bearish bias.

Outlook: Watch for bounce near ₹84.5 or breakdown below ₹80.

Strategy: Cautious accumulation near support; wait for MACD and RSI confirmation before aggressive entry.

You can explore TradingView’s technical dashboard or Moneycontrol’s daily chart insights for real-time updates. Want me to compare this with another power sector stock like SJVN or NTPC?

Edit in a page