NHPC Shares Trade Above Key Averages, Eyes ₹100–₹110 If Breakout Holds: SEBI RA Aditya Hujband

NHPC Ltd is approaching a key resistance zone, with a decisive close above ₹91.50 likely to trigger further upside, according to SEBI-registered analyst Aditya Hujband.

Hujband highlighted that the stock is trading above its 20, 50, and 200-day exponential moving averages, which reflects a sustained bullish bias. 

He noted that NHPC recently touched the upper Bollinger Band and is now retracing toward the mid-band — a potential support zone.

At the time of writing, NHPC Ltd shares were trading at ₹87.91, up 1.5%.

Hujband said the price is above the Ichimoku Cloud, and volume spikes on green candles suggest strong buying interest on up days. 

He added that the relative strength index (RSI) stands at 55, signaling neutral momentum with a slight bullish tilt.

The analyst marked resistance levels at ₹100–₹110 and support at ₹80.

On the fundamental front, NHPC reported strong fourth-quarter (Q4) results. Revenue rose 24.4% year-over-year to ₹2,346.97 crore, while net profit surged 52% to ₹919.63 crore. 

On Stocktwits, retail sentiment was ‘bullish’ amid ‘high’ message volume.

The stock has risen 7.3% so far in 2025.

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