NTPCGREEN - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.5

Here’s a detailed technical analysis of NTPC Green Energy Ltd (NTPCGREEN)

📊 Trend Overview

Current Trend: Mildly bearish

Phase: Consolidating with downside bias

Bias: Neutral to negative, as price struggles below key moving averages and momentum indicators weaken

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹105

200 DMA: ₹109

Current Price: ₹104

Price is below both DMAs → signals short-term weakness

Flattening 50 DMA and declining 200 DMA → suggests fading momentum

🔹 RSI (Relative Strength Index)

RSI: 49.6

Neutral zone → no overbought/oversold signal

Indicates indecision and lack of strong momentum

🔹 MACD (Moving Average Convergence Divergence)

MACD: -0.13

Slightly negative → signals bearish divergence

No bullish crossover → trend remains weak

🔹 Bollinger Bands

Price near middle band → consolidation zone

Bands narrowing → low volatility

No breakout or squeeze pattern visible

🔹 Volume Trends

Current Volume: 51.1 lakh

1-Week Avg Volume: 100.1 lakh

Volume significantly below average → weak participation

Suggests lack of institutional conviction

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 100 Minor support zone

Support 2 95 Previous swing low

Resistance 1 109 200 DMA, immediate ceiling

Resistance 2 120 Intermediate resistance

Resistance 3 155 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹98–₹102 (on pullback near support)

Exit Zone / Profit Booking: ₹120–₹155 (resistance and breakout target)

🔍 Momentum Signals

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

Medium-Term: Consolidation likely to continue unless price breaks above ₹109 with volume

Volume: Needs improvement for any meaningful breakout

🧭 Conclusion

NTPCGREEN is currently consolidating with mild bearish undertones. Technical indicators show indecision, and the price is struggling to reclaim the 50 and 200 DMA. Traders may consider accumulating near ₹98 with a tight stop-loss, targeting ₹120–₹155 if volume confirms a breakout.

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