NHPC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of NHPC Ltd

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with moderate momentum

Bias: Positive, supported by price action above key moving averages and improving MACD

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹83.1

200 DMA: ₹83.8

Current Price: ₹87.1

Price is above both DMAs → confirms bullish trend

Rising slope on 50 DMA and flattening 200 DMA → short-term strength building

🔹 RSI (Relative Strength Index)

RSI: 64.5

Bullish zone, approaching overbought territory

Indicates strong buying interest but caution near ₹90+

🔹 MACD (Moving Average Convergence Divergence)

MACD: 1.04

Positive crossover → bullish signal

Histogram widening → momentum is strengthening

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility

Could signal continuation if volume supports the move

🔹 Volume Trends

Current Volume: 1.72 crore

1-Week Avg Volume: 2.13 crore

Slightly below average → suggests mild consolidation

Watch for volume spike to confirm breakout above ₹90

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 85.0 Minor pullback zone

Support 2 83.1 50 DMA, strong base

Resistance 1 90.0 Immediate resistance

Resistance 2 93.5 Intermediate ceiling

Resistance 3 96.2 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹85–₹86 (on pullback near support)

Exit Zone / Profit Booking: ₹93.5–₹96.2 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: Needs improvement for sustained breakout

🧭 Conclusion

NHPC is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, a positive MACD crossover, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹85 with targets around ₹93.5–₹96.2, while monitoring RSI and volume for signs of short-term exhaustion or breakout confirmation.

Let me know if you'd like to compare NHPC with other power sector stocks or set alerts for resistance breakouts.

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