NTPC Green Shares: SEBI RA Suryansh Singh Chandel Eyes Breakout Above ₹113

NTPC Green signs a major solar PPA deal. Analyst sees a bullish setup, with potential upside till ₹125.
Signage for NTPC Renewable Energy Ltd., a unit of NTPC Green Energy., atop a building in Greater Noida, Uttar Pradesh, India, on Wednesday, Nov. 27, 2024. Photographer: Anindito Mukherjee/Bloomberg via Getty Images
Signage for NTPC Renewable Energy Ltd., a unit of NTPC Green Energy., atop a building in Greater Noida, Uttar Pradesh, India, on Wednesday, Nov. 27, 2024. Photographer: Anindito Mukherjee/Bloomberg via Getty Images
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Preeti Ayyathurai·Stocktwits
Updated Mar 05, 2026   |   2:29 PM EST
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NTPC Green shares gained nearly 2% on Thursday, after the company announced a Power Purchase Agreement for 1,000 MW capacity. 

This is for a solar project awarded by Uttar Pradesh Power Corporation (UPPCL). Tariffs have been finalized at ₹2.56 per kWh.

SEBI-registered analyst Suryansh Singh Chandel is bullish on NTPC Green and suggests that investors add this stock to their watchlists. 

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The stock has been trying to break its long-term resistance levels on the daily chart. However, the momentum appeared to be lagging. 

Chandel notes that a positive Average Directional Index (ADX) on the daily chart signals a potential upside, but he advises caution till a clear breakout is confirmed. 

According to him, a decisive move above ₹112-₹113 will confirm a breakout and can set the stage for a rally till ₹125 with a stop loss of ₹105.

Fundamentally, the company reported a 39% rise in FY25 profit, reflecting strong performance in the renewable energy sector.

Data on Stocktwits shows that retail sentiment turned ‘extremely bullish’ a day ago amid ‘high’ message volumes. 

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NTPC Green sentiment and message volume on June 5 as of 12:30 pm IST. | source: Stocktwits

NTPC Green shares have fallen 13% year-to-date (YTD).

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