NTPC - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

Here’s a detailed technical analysis of NTPC Ltd based on the data provided

📉 Trend & Momentum Overview

Current Price (₹335) is below both 50 DMA (₹339) and 200 DMA (₹344) — indicating a short-term downtrend.

RSI (42.8): Weak momentum, leaning toward bearish territory.

MACD (-0.30): Negative crossover confirms bearish momentum.

Volume: Slightly above average, suggesting active trading, but not necessarily bullish conviction.

Conclusion: The stock is currently reversing from its highs and showing signs of weakness.

📊 Chart Patterns & Indicators

Bollinger Bands: Price likely near the lower band, indicating oversold conditions or a potential bounce.

Support Zones

₹330: Immediate support zone

₹315–₹320: Stronger support from previous swing lows

Resistance Zones

₹339–₹344: Major resistance (DMA cluster)

₹360: Psychological resistance and previous breakdown level

🔍 Short-Term Momentum Signals

Bearish Indicators

Price below key moving averages

MACD negative

RSI below 50

Watch for: RSI dipping below 40 or MACD widening for stronger sell signal

🎯 Optimal Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 315 – 320 Near strong support, oversold zone

Target Exit 339 – 344 Resistance from DMA levels

Stop Loss 310 Below recent swing low

🔄 Market Phase

Status: Reversing

Bias: Bearish

Outlook: Caution advised until price reclaims ₹339 with volume

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