NHPC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | NHPC | Market Cap | 77,347 Cr. | Current Price | 77.0 ₹ | High / Low | 92.3 ₹ |
| Stock P/E | 24.4 | Book Value | 39.6 ₹ | Dividend Yield | 2.48 % | ROCE | 7.44 % |
| ROE | 8.40 % | Face Value | 10.0 ₹ | DMA 50 | 79.4 ₹ | DMA 200 | 81.9 ₹ |
| Chg in FII Hold | 0.34 % | Chg in DII Hold | -0.23 % | PAT Qtr | 926 Cr. | PAT Prev Qtr | 1,072 Cr. |
| RSI | 43.7 | MACD | -0.59 | Volume | 94,54,766 | Avg Vol 1Wk | 1,82,61,420 |
| Low price | 71.0 ₹ | High price | 92.3 ₹ | PEG Ratio | -6.77 | Debt to equity | 0.99 |
| 52w Index | 28.1 % | Qtr Profit Var | 3.06 % | EPS | 3.15 ₹ | Industry PE | 25.6 |
📊 Chart & Trend Analysis:
NHPC is trading at ₹77.0, below both its 50 DMA (₹79.4) and 200 DMA (₹81.9), indicating short-term weakness. RSI at 43.7 suggests neutral-to-weak momentum, not yet oversold. MACD at -0.59 shows mild bearish crossover, signaling weakness. Bollinger Bands place price near the lower band, reflecting selling pressure. Current volume (94.5 lakh) is significantly lower than the 1-week average (182.6 lakh), showing reduced participation and lack of strong buying interest.
📈 Momentum Signals:
- RSI neutral, leaning bearish.
- MACD negative crossover confirms weak momentum.
- Price below both 50 & 200 DMA indicates bearish bias.
- Low volume suggests lack of conviction in current moves.
🎯 Optimal Entry & Exit Zones:
- Entry Zone: ₹74 – ₹76 (near support, close to oversold levels).
- Exit Zone: ₹80 – ₹82 (resistance at 200 DMA).
- Stop Loss: ₹72 (below key support).
📌 Trend Status: The stock is consolidating with bearish bias, holding above long-term support but failing to break resistance levels.
Positive
- Dividend yield of 2.48% provides steady income.
- FII holding increased (+0.34%), showing foreign investor confidence.
- EPS of ₹3.15 reflects stable earnings base.
Limitation
- Stock trading below both 50 DMA and 200 DMA reflects weak technical strength.
- ROCE (7.44%) and ROE (8.40%) are modest compared to peers.
- Debt-to-equity ratio of 0.99 indicates high leverage risk.
- PEG ratio (-6.77) suggests weak growth prospects.
Company Negative News
- Quarterly PAT declined from ₹1,072 Cr. to ₹926 Cr., showing earnings pressure.
- DII holding decreased (-0.23%), reflecting reduced domestic institutional support.
Company Positive News
- Quarterly profit variation (+3.06%) shows marginal improvement sequentially.
- Dividend yield remains attractive compared to peers.
Industry
- Industry P/E at 25.6 is slightly higher than company’s P/E (24.4), suggesting fair valuation alignment.
- Power sector remains cyclical, influenced by demand growth, government policies, and infrastructure expansion.
Conclusion
⚖️ NHPC is consolidating with bearish bias, trading below key moving averages and showing weak momentum. While dividend yield and foreign investor support provide positives, modest return ratios and high leverage weigh on fundamentals. Short-term traders may consider entry near ₹74–₹76 with exits around ₹80–₹82, while long-term investors should wait for stronger earnings growth and improved sector outlook before fresh accumulation.