REC, NTPC, Powergrid: Are power stocks losing steam? Here's what charts say
Technical chart suggests that power shares could crack up to 23% from present levels. Here are the key support and resistance levels to track on REC, NTPC and Powergrid stocks.
 "Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE")
Power stocks such as - NTPC, REC and Power Grid are seen trading with a weak bias on the technical charts. (Photo: Shutterstock)
Listen to This Article
Shares of state-run power companies namely - NTPC, Power Grid Corporation and Rural Electrification Corporation (REC) - are seen trading below the key short-term moving averages, with weak signals from key momentum oscillators. As such, these stocks could witness selling pressure in the near-term, suggests technical charts. Here's a detailed analysis on each of these power stocks, with key support and resistance levels to track.
REC
Current Price: ₹390 Downside Risk: 23.1% Support: ₹390; ₹349 Resistance: ₹417; ₹439 REC stock has witnessed negative crossovers on the key momentum oscillators - both on the daily and weekly charts. The stock at present is seen seeking support around the lower-end of the Bollinger Bands on the daily scale at ₹390 levels. On the weekly scale, the stock is seen testing the 100-Week Moving Average (100-WMA), which stands at ₹397. Break and sustained trade below the same can drag the stock towards ₹349 levels; below which a steeper fall towards ₹300-mark cannot be ruled out. The short-term bias for the stock is expected to remain negative as long as the stock trades below ₹439, with near resistance seen around ₹417 levels. CLICK HERE FOR THE CHART ALSO READ | MSCI rejig: Time to buy these 5 stocks for your portfolio? What charts sayNTPC
Current Price: ₹341 Downside Risk: 16.7% Support: ₹334; ₹325 Resistance: ₹353; ₹362; ₹368 NTPC stock is seen trading below its 20- and 50-DMAs, which stand at ₹352.70 and ₹345.60 levels, respectively. The overall bias for the stock is expected to remain negative as long as the stock trades below ₹362 - ₹368 resistance zone. On the downside, the stock has near support at ₹334 and ₹325 levels; below which a dip towards ₹298 levels seems likely, suggests the weekly chart. CLICK HERE FOR THE CHARTPowergrid Corporation
Current Price: ₹296 Downside Risk: 11.2% Support: ₹290; ₹287; ₹284; ₹270 Resistance: ₹308 Power Grid Corporation stock is seen trading below its 200-Day Moving Average for the third straight trading session. The stock now seems on course to test the short-term trend line support, which also coincides with the 50- and the 100-DMA around ₹290 levels. In case, the stock breaks and trades consistently below ₹290, it could extend the fall towards ₹263 levels. Interim support can be anticipated around ₹287, ₹284 and ₹270 levels. The near-term bias is expected to remain tepid as long as the stock trades below the 200-DMA, which stands at ₹308. CLICK HERE FOR THE CHARTMore From This Section
 "stock markets, trading, tariffs")
 "market, stocks, stock market trading, stock market")
 "Sensex, Nifty, stock brokers")
 "Gold, jewellery, gold prices")
 "Aditya Birla Capital")
Topics : Stock Market Market - Daily Technical Analysis Market - Stock Watch Trading strategies The Smart Investor Power Sector Market trends stock market trading Market technicals Stocks to avoid technical calls stocks technical analysis technical charts Power Grid Corporation of India NTPC Rural Electrification Corporation
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 14 2025 | 1:44 PM IST