NTPC Stock On Bullish Trend, Could Retest ₹350 This Month: SEBI RA Deepak Pal

The analyst said buying momentum has increased since the stock found strong support at ₹324
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
NTPC signage Photographer: Anindito Mukherjee/Bloomberg via Getty Images
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Arnab Paul·Stocktwits
Updated Mar 05, 2026   |   2:29 PM EST
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NTPC’s stock could retest the ₹350 mark before the month’s end, according to SEBI-registered analyst Deepak Pal.

The analyst noted that the stock’s pattern on the daily candlestick chart appears bullish.

Pal said that NTPC is trading above its short-term exponential moving average (EMA) and has robust support around the ₹330 level. If the current rally continues, the stock is likely to gain further.

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Pal observed that the daily candlestick chart reflected persistent weakness throughout the past two weeks when the stock slipped from ₹351.20 to a low of ₹324.85 across 10 trading sessions.

However, buying momentum has increased since the stock found strong support at ₹324, which aligns with its 200-day EMA.

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Pal added that support from broader market sentiment, especially in the Nifty index, is also helping NTPC recover.

“If the ₹324 support continues to hold, the stock is well-positioned for a short-term rebound and may retest the ₹350 level in the coming sessions,” Pal wrote in a post on Stocktwits.

He recommended a ‘buy’ rating for NTPC at ₹330-331, with a target price of ₹348 and a stop loss at ₹321.

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NTPC stock has shed 0.1% year-to-date and is up 1.4% at ₹337.20 at 1:46 pm IST. 

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