NTPCGREEN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | NTPCGREEN | Market Cap | 82,426 Cr. | Current Price | 97.8 ₹ | High / Low | 118 ₹ |
| Stock P/E | 160 | Book Value | 22.2 ₹ | Dividend Yield | 0.00 % | ROCE | 6.42 % |
| ROE | 3.95 % | Face Value | 10.0 ₹ | DMA 50 | 91.3 ₹ | DMA 200 | 97.6 ₹ |
| Chg in FII Hold | -0.18 % | Chg in DII Hold | 0.17 % | PAT Qtr | 60.3 Cr. | PAT Prev Qtr | 86.0 Cr. |
| RSI | 66.6 | MACD | 1.85 | Volume | 1,32,18,529 | Avg Vol 1Wk | 8,81,49,314 |
| Low price | 84.0 ₹ | High price | 118 ₹ | Debt to equity | 0.42 | 52w Index | 41.0 % |
| Qtr Profit Var | -32.6 % | EPS | 0.61 ₹ | Industry PE | 30.0 |
📉 Chart & Trend: NTPCGREEN is trading at ₹97.8, above the 50 DMA (₹91.3) and nearly aligned with the 200 DMA (₹97.6), indicating short-term strength but medium-term caution. RSI at 66.6 shows strong momentum, nearing overbought territory. MACD at 1.85 reflects positive crossover. Bollinger Bands suggest price is near the upper band, signaling bullishness but risk of short-term pullback.
📊 Volume: Current volume (1.32 Cr) is significantly lower than the 1-week average (8.81 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 ₹95–₹96 and strong support at ₹91 (50 DMA). Resistance lies at ₹105–₹110 and ₹118 (recent high).
🎯 Entry Zone: ₹95–₹96 (risk-managed entry zone).
🚪 Exit Zone: ₹105–₹110 (profit-taking zone near resistance).
🔎 Trend Status: Trending bullish. The stock is holding above short-term averages with strong RSI and positive MACD, but volume weakness suggests caution.
Positive
- EPS at ₹0.61 reflects profitability despite sector challenges.
- Book value of ₹22.2 provides valuation cushion relative to current price.
- Debt-to-equity ratio of 0.42 indicates moderate leverage.
- DII holding increased by 0.17%, showing domestic institutional support.
Limitation
- High P/E of 160 compared to industry average (30.0) indicates extreme overvaluation.
- ROCE (6.42%) and ROE (3.95%) are modest, showing weak efficiency.
- Dividend yield is 0.00%, limiting investor appeal for income-focused holders.
- Volume participation is weak compared to averages, limiting momentum strength.
Company Negative News
- PAT declined from ₹86 Cr to ₹60.3 Cr, showing earnings pressure.
- FII holding reduced by -0.18%, reflecting weaker foreign investor sentiment.
Company Positive News
- DII inflows (+0.17%) show confidence from domestic institutions.
- EPS remains positive despite profit decline, supporting long-term valuation appeal.
Industry
- Industry PE at 30.0 is far lower than NTPCGREEN’s P/E of 160, suggesting severe overvaluation relative to peers.
- Renewable energy sector benefits from policy support and rising demand but faces execution and profitability challenges.
Conclusion
⚠️ NTPCGREEN is in a bullish trending phase, trading above short-term averages with strong RSI and positive MACD. Fundamentals show moderate leverage and institutional support, but extreme valuations, weak efficiency, and declining profits limit upside. Short-term traders may consider entries near ₹95–₹96 with exits around ₹105–₹110, while long-term investors should wait for earnings stability and valuation correction before fresh accumulation.
Would you like me to extend this into a peer benchmarking overlay against other renewable energy players like Adani Green, Tata Power Renewables, and JSW Energy? That would highlight whether NTPCGREEN’s bullish trend is sector-driven or company-specific.