NTPCGREEN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | NTPCGREEN | Market Cap | 72,685 Cr. | Current Price | 86.3 ₹ | High / Low | 118 ₹ |
| Stock P/E | 141 | Book Value | 22.2 ₹ | Dividend Yield | 0.00 % | ROCE | 6.42 % |
| ROE | 3.95 % | Face Value | 10.0 ₹ | DMA 50 | 92.9 ₹ | DMA 200 | 100 ₹ |
| Chg in FII Hold | -0.18 % | Chg in DII Hold | 0.17 % | PAT Qtr | 60.3 Cr. | PAT Prev Qtr | 86.0 Cr. |
| RSI | 35.9 | MACD | -1.20 | Volume | 1,45,99,686 | Avg Vol 1Wk | 80,93,209 |
| Low price | 84.6 ₹ | High price | 118 ₹ | Debt to equity | 0.42 | 52w Index | 5.26 % |
| Qtr Profit Var | -32.6 % | EPS | 0.61 ₹ | Industry PE | 25.6 |
📊 Chart & Trend Analysis:
NTPCGREEN is trading at ₹86.3, below both its 50 DMA (₹92.9) and 200 DMA (₹100), indicating short-term weakness. RSI at 35.9 suggests the stock is approaching oversold territory, while MACD at -1.20 confirms bearish momentum. Bollinger Bands show price near the lower band, reflecting selling pressure. Current volume (1.46 Cr.) is significantly higher than the 1-week average (0.81 Cr.), suggesting strong activity during the decline.
📈 Momentum Signals:
- RSI near oversold zone, potential for short-term bounce.
- MACD negative crossover confirms bearish bias.
- Price below both 50 & 200 DMA indicates weakness.
- High volume suggests strong participation, likely profit booking.
🎯 Optimal Entry & Exit Zones:
- Entry Zone: ₹84 – ₹86 (near support, oversold RSI).
- Exit Zone: ₹92 – ₹95 (resistance at 50 DMA).
- Stop Loss: ₹82 (below key support).
📌 Trend Status: The stock is consolidating with bearish bias, holding above long-term support but failing to break resistance levels.
Positive
- Market cap of ₹72,685 Cr. reflects strong institutional presence.
- DII holding increased (+0.17%), showing domestic institutional support.
- Debt-to-equity ratio of 0.42 indicates manageable leverage.
Limitation
- High P/E (141) compared to industry average (25.6) suggests extreme overvaluation.
- ROCE (6.42%) and ROE (3.95%) are modest, reflecting weak efficiency.
- No dividend yield, limiting income appeal.
Company Negative News
- Quarterly PAT declined from ₹86 Cr. to ₹60.3 Cr., showing earnings pressure (-32.6%).
- EPS of ₹0.61 is weak compared to valuation.
- FII holding decreased (-0.18%), signaling reduced foreign investor confidence.
Company Positive News
- DII support increased, reflecting confidence from domestic institutions.
- Strong trading volumes indicate active investor interest despite weakness.
Industry
- Industry P/E at 25.6 is far lower than NTPCGREEN’s P/E (141), highlighting valuation risks.
- Renewable energy sector remains growth-oriented, supported by government initiatives and global clean energy demand.
Conclusion
⚖️ NTPCGREEN is consolidating with bearish bias, trading below key moving averages and showing weak momentum. While sectoral tailwinds and domestic institutional support provide positives, extreme valuation and declining earnings weigh heavily on fundamentals. Short-term traders may consider entry near ₹84–₹86 with exits around ₹92–₹95, while long-term investors should wait for earnings stability and valuation correction before fresh accumulation.