NHPC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

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Technical Rating: 3.7

Technical Analysis Summary

• Trend: Consolidating near key moving averages
• Moving Averages: Price (₹84.8) is hovering around DMA 50 (₹85.2) and DMA 200 (₹84.4), indicating indecision
• RSI (46.4): Neutral zone, no strong momentum signal
• MACD (0.14): Mild bullish crossover, suggesting potential upside
• Bollinger Bands: Price near mid-band, indicating range-bound movement
• Volume: Slightly below average, showing cautious participation

Entry & Exit Zones

• Support: ₹82 – ₹84 (near DMA 200 and recent base)
• Resistance: ₹88 – ₹92 (recent swing highs)
• Optimal Entry: ₹83 – ₹85 on pullback with MACD confirmation
• Exit Zone: ₹88 – ₹92 if price stalls near resistance

Positive

• Quarterly PAT growth from ₹894 Cr. to ₹1,072 Cr.
• EPS of ₹3.12 and consistent dividend yield of 2.25%
• Positive FII sentiment (+0.74%)
• Price up 64.8% over 52 weeks

Limitation

• ROCE (7.44%) and ROE (8.40%) below industry benchmarks
• PEG ratio of -7.53 indicates valuation concerns
• Price struggling to hold above DMA 50
• Negative DII sentiment (-0.09%)

Company Negative News

• Concerns over project delays and regulatory hurdles in hydroelectric sector

Company Positive News

• Strong earnings and operational stability
• Government push for renewable energy and infrastructure development

Industry

• NHPC operates in the power generation sector, primarily hydroelectric energy
• Peers include NTPC, SJVN, and Power Grid Corporation

Conclusion

NHPC is currently consolidating near key technical levels with mixed momentum indicators. While fundamentals show stability and earnings growth, valuation and sector challenges suggest a cautious approach. Traders may consider entry near ₹83 with targets around ₹92, watching for volume and RSI confirmation.