NTPC - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.9

Here’s a detailed technical analysis of NTPC Ltd

📊 Trend Overview

Current Trend: Mildly bearish

Phase: Consolidating with downside bias

Bias: Neutral to negative, as price hovers near key moving averages with weakening momentum

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹334

200 DMA: ₹341

Current Price: ₹337

Price is between 50 and 200 DMA → signals indecision

Flattening 50 DMA and slightly declining 200 DMA → trend lacks strength

🔹 RSI (Relative Strength Index)

RSI: 56.0

Neutral zone → no overbought/oversold signal

Indicates balanced momentum with slight bullish tilt

🔹 MACD (Moving Average Convergence Divergence)

MACD: -0.39

Slightly negative → signals bearish divergence

No bullish crossover → momentum remains weak

🔹 Bollinger Bands

Price near middle band → consolidation zone

Bands narrowing → low volatility

No breakout or squeeze pattern visible

🔹 Volume Trends

Current Volume: 72.6 lakh

1-Week Avg Volume: 75.3 lakh

Volume slightly below average → suggests mild consolidation

No strong accumulation or distribution signal

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 330 Minor pullback zone

Support 2 320 Previous swing low

Resistance 1 341 200 DMA, immediate ceiling

Resistance 2 360 Intermediate resistance

Resistance 3 448 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹330–₹335 (on pullback near support)

Exit Zone / Profit Booking: ₹360–₹448 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Weak momentum, MACD and volume not confirming strength

Medium-Term: Consolidation likely to continue unless price breaks above ₹341 with volume

Volume: Needs improvement for any meaningful breakout

🧭 Conclusion

NTPC is currently consolidating with mild bearish undertones. Technical indicators show indecision, and the price is hovering near key moving averages. Traders may consider accumulating near ₹330 with a tight stop-loss, targeting ₹360–₹448 if volume confirms a breakout.

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