NTPC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | NTPC | Market Cap | 3,66,923 Cr. | Current Price | 378 ₹ | High / Low | 394 ₹ |
| Stock P/E | 18.2 | Book Value | 173 ₹ | Dividend Yield | 2.21 % | ROCE | 12.2 % |
| ROE | 13.6 % | Face Value | 10.0 ₹ | DMA 50 | 365 ₹ | DMA 200 | 347 ₹ |
| Chg in FII Hold | -0.16 % | Chg in DII Hold | 0.26 % | PAT Qtr | 4,987 Cr. | PAT Prev Qtr | 4,653 Cr. |
| RSI | 53.8 | MACD | 5.58 | Volume | 1,10,14,600 | Avg Vol 1Wk | 1,83,02,421 |
| Low price | 316 ₹ | High price | 394 ₹ | PEG Ratio | 2.50 | Debt to equity | 1.11 |
| 52w Index | 79.7 % | Qtr Profit Var | 5.85 % | EPS | 20.8 ₹ | Industry PE | 30.0 |
📉 Chart & Trend: NTPC is trading at ₹378, above both 50 DMA (₹365) and 200 DMA (₹347), confirming a bullish setup. RSI at 53.8 shows healthy momentum, while MACD at 5.58 reflects positive crossover. Bollinger Bands suggest price is mid-range, indicating consolidation with upward bias.
📊 Volume: Current volume (1.10 Cr) is lower than the 1-week average (1.83 Cr), showing reduced participation and lack of strong buying conviction despite price strength.
📈 Momentum Signals: Short-term momentum is positive. Support levels are seen at ₹365–₹370 and strong support at ₹347 (200 DMA). Resistance lies at ₹385–₹394 (recent high).
🎯 Entry Zone: ₹365–₹370 (risk-managed entry zone).
🚪 Exit Zone: ₹385–₹394 (profit-taking zone near resistance).
🔎 Trend Status: Trending bullish. The stock is holding above key moving averages with positive RSI and MACD, though volume weakness suggests cautious optimism.
Positive
- EPS at ₹20.8 reflects strong earnings power.
- Dividend yield of 2.21% adds investor appeal.
- Book value of ₹173 provides margin of safety relative to current price.
- Quarterly PAT improved to ₹4,987 Cr from ₹4,653 Cr, showing earnings growth.
Limitation
- Debt-to-equity ratio of 1.11 indicates high leverage.
- Volume participation is weak compared to averages, limiting momentum strength.
- PEG ratio of 2.50 suggests growth is moderately expensive.
Company Negative News
- FII holding reduced by -0.16%, reflecting weaker foreign investor sentiment.
Company Positive News
- DII holding increased by 0.26%, showing domestic institutional support.
- Quarterly profit variation at 5.85% highlights sequential improvement.
Industry
- Industry PE at 30.0 is higher than NTPC’s P/E of 18.2, suggesting undervaluation relative to peers.
- Power generation sector benefits from rising energy demand but faces regulatory and tariff-related risks.
Conclusion
✅ NTPC is in a bullish trending phase, trading above key moving averages with positive RSI and MACD. Fundamentals show strong earnings, dividend yield, and undervaluation compared to industry peers. However, high leverage and weak volume participation limit upside momentum. Short-term traders may consider entries near ₹365–₹370 with exits around ₹385–₹394, while long-term investors can accumulate given strong fundamentals and sector demand outlook.
Would you like me to extend this into a peer benchmarking overlay against other power sector leaders like Power Grid, NHPC, and Tata Power? That would highlight whether NTPC’s bullish bias is sector-driven or company-specific.