NTPCGREEN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

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Technical Rating: 3.5

Technical Analysis Summary

• Trend: Reversing from highs with short-term strength
• Moving Averages: Price (₹103) is above DMA 50 (₹102) but below DMA 200 (₹107), indicating mixed signals
• RSI (66.9): Bullish zone, nearing overbought territory
• MACD (0.51): Mild bullish crossover, suggesting short-term upside potential
• Bollinger Bands: Price near upper band, indicating strength but possible resistance ahead
• Volume: Strong volume (1.61 Cr. vs 93.3L), showing increased market interest

Entry & Exit Zones

• Support: ₹98 – ₹100 (recent base and psychological level)
• Resistance: ₹107 – ₹110 (DMA 200 and prior swing highs)
• Optimal Entry: ₹100 – ₹103 on pullback with MACD support
• Exit Zone: ₹107 – ₹110 if price stalls near resistance

Positive

• Strong volume surge indicates renewed interest
• Quarterly PAT growth of 34.8% (₹86 Cr. vs ₹165 Cr.)
• Price up 26.2% over 52 weeks
• Debt-to-equity ratio of 0.42 reflects moderate leverage

Limitation

• High P/E of 159 vs industry average of 30.9
• Low ROCE (6.42%) and ROE (3.95%) indicate weak capital efficiency
• EPS of ₹0.65 and no dividend yield
• Decline in both FII (-0.06%) and DII (-0.03%) holdings

Company Negative News

• Profit decline from ₹165 Cr. to ₹86 Cr. may raise concerns over earnings consistency

Company Positive News

• Strategic focus on renewable energy and green infrastructure
• Government backing for clean energy transition and long-term growth potential

Industry

• NTPCGREEN operates in the renewable energy and power generation sector
• Peers include Adani Green, Tata Power Renewable, and ReNew Power

Conclusion

NTPCGREEN is currently reversing from its highs with short-term bullish signals but long-term caution. While volume and MACD suggest upside potential, valuation and earnings volatility warrant a measured approach. Traders may consider entry near ₹100 with targets around ₹110, watching RSI and price action near DMA 200 for confirmation.