NTPC Green Stock Surges After Q4 Beat But SEBI RAs Warn Of Bull Trap Near Resistance

NTPC Green Energy has delivered a stellar March-quarter performance, sending its stock up another 5% in Thursday trade and clocking an impressive 11% gain this week. 

Despite the bullish momentum, analysts are sounding a note of caution.

SEBI-registered analyst Mayank Singh Chandel warns investors to tread carefully before initiating fresh positions. 

While NTPC Green’s financials are undeniably strong, with net profit jumping 188% to ₹233.21 crore and revenue rising 22.4% to ₹622.27 crore. Technical indicators suggest the stock is struggling to break free from a key resistance zone.

Chandel points out that the stock has been repeatedly rejected in the ₹111.15–₹115.15 range, a ceiling that has proven difficult to breach. 

The IPO price of ₹108 is acting as a psychological anchor, and price action near this level is showing signs of rejection. 

While a rising trendline offers minor support, it may not be sufficient to sustain momentum if the resistance persists.

He cautions that a failure to break out decisively could signal a potential bull trap, where bullish sentiment is not supported by actual price strength. 

Until the stock clears the ₹115 mark with conviction, he suggests it may be better suited for watchlists rather than active portfolios.

Adding a second technical perspective, analyst Mayank Gupta notes that NTPC Green is currently trading within an expanding channel, with firm support around ₹95 and resistance near ₹119. 

The stock has been forming higher highs, reinforcing the broader uptrend. 

A clean breakout above ₹119, according to Gupta, could act as a confirmation of continued bullish momentum and set the stage for a sharp rally.

Meanwhile, retail sentiment on Stocktwits has taken a turn, flipping from ‘bearish’ to ‘extremely bullish’ over the past week. This is accompanied by ‘extremely high’ message volumes, suggesting rising retail interest. 

However, analysts continue to emphasize the importance of price confirmation over sentiment alone.

NTPC Green shares have fallen 11% year-to-date (YTD).

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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