NTPCGREEN - Technical Analysis

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

Technical Rating: 2.6

Here’s a comprehensive technical analysis of NTPC Green Energy Ltd based on the data provided

📉 Trend & Momentum Overview

Current Price (₹106) is below both 50 DMA (₹108) and 200 DMA (₹111) — signaling a short-term downtrend.

RSI (43.5): Weak momentum, leaning toward bearish territory.

MACD (-0.21): Negative crossover confirms bearish momentum.

Volume Spike: Current volume is much higher than average, suggesting distribution pressure or potential institutional exit.

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

📊 Chart Patterns & Indicators

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

Support Zones

₹102–₹104: Minor support from recent consolidation

₹96–₹98: Stronger support from previous swing lows

Resistance Zones

₹108–₹111: Major resistance (DMA cluster)

₹120: 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 96.5 – 99.0 Near strong support, oversold zone

Target Exit 108 – 111 Resistance from DMA levels

Stop Loss 94.5 Below recent swing low

🔄 Market Phase

Status: Reversing

Bias: Bearish

Outlook: Caution advised until price reclaims ₹108 with volume

Would you like me to track this stock’s next breakout attempt or compare it with other green energy players?

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