NTPC Limited Stock Forecast
NTPC Limited stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The NTPC Limited stock price fell by -0.524% on the last day (Tuesday, 25th Jun 2024) from ₹362.75 to ₹360.85. During the last trading day the stock fluctuated 1.94% from a day low at ₹357.75 to a day high of ₹364.70. The price has been going up and down for this period, and there has been a -1.11% loss for the last 2 weeks. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 million shares were bought and sold for approximately ₹5.41 billion.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.65% during the next 3 months and, with a 90% probability hold a price between ₹350.80 and ₹414.47 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NTPC.NS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The NTPC Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹363.09 and ₹361.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -2.81%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for NTPC Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹341.00 and ₹331.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NTPC Limited finds support just below today's level at ₹341.00. If this is broken, then the next support from accumulated volume will be at ₹331.60 and ₹331.25.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹6.95 between high and low, or 1.94%. For the last week, the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTPC.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect NTPC Limited to open at ₹361.10, and during the day (based on 14 day Average True Range), to move between ₹349.55 and ₹372.15, which gives a possible trading interval of +/-₹11.30 (+/-3.13%) up or down from last closing price. If NTPC Limited takes out the full calculated possible swing range there will be an estimated 6.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹361.75 (0.25%) than the support at ₹341.00 (5.50%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is NTPC Limited stock A Buy?
The NTPC Limited stock holds several negative signals and despite the positive trend, we believe NTPC Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.305 Sell Candidate Downgraded
Predicted Opening Price for NTPC Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹361.10 ( 0.0693%) | ₹360.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTPC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 368.05 | 2.00% |
| R2 | 365.40 | 1.26% |
| R1 | 363.75 | 0.81% |
| Price | 360.85 | |
| S1 | 358.45 | -0.666% |
| S2 | 356.80 | -1.12% |
| S3 | 354.15 | -1.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 391.80 | 8.58% |
| R2 | 369.65 | 2.44% |
| R1 | 361.75 | 0.249% |
| Price | 360.85 | |
| S1 | 341.00 | -5.50% |
| S2 | 331.60 | -8.11% |
| S3 | 331.25 | -8.20% |
NTPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 06, 2024 | Feb 22, 2024 | ₹2.25 | 0.663% |
| 2 | Nov 03, 2023 | Nov 03, 2023 | Nov 03, 2023 | ₹2.25 | 0.96% |
| 3 | Aug 11, 2023 | Aug 11, 2023 | Sep 29, 2023 | ₹3.00 | 1.22% |
| 4 | Feb 03, 2023 | Feb 03, 2023 | Feb 03, 2023 | ₹4.25 | 2.57% |
| 5 | Aug 10, 2022 | Aug 10, 2022 | Aug 10, 2022 | ₹3.00 | 1.93% |
FAQ
Click here for our free guide on how to buy NTPC Limited Stock.
