🕗Updated at 9:00 PM IST 12 March 2026
At Chanakya Ni Pothi, India’s oldest investment & IPO research weekly with a legacy of 33+ years, we bring you fresh “Breakout Stock Today” from Paresh Gordhandas — actionable Intraday stock recommendations for today, before market opening.
Breakout Stock today
NTPC Green Energy
NTPC Green Energy is showing signs of a sharp momentum breakout after witnessing a strong surge in the previous session. The stock closed at Rs. 97.65, registering a powerful 12.59% gain in a single day, while also advancing 11.82% over the past week. The sharp price rise accompanied by exceptionally high volume of over 16.53 crore shares clearly indicates aggressive accumulation and renewed trader interest.
Technically, although the broader trend across short, medium and long-term timeframes is still marked as bearish, the stock has staged a strong reversal by reclaiming key moving averages. It is now trading comfortably above its 20DMA (Rs. 89.25) and 34DMA (Rs. 88.92), while also moving above the upper Bollinger Band placed at Rs. 94.12. Such a move generally indicates volatility expansion and often leads to a continuation momentum move.
Momentum indicators are also supportive. RSI has climbed to 70.63, signalling strong bullish strength and fresh buying interest. The MACD has turned positive with the histogram expanding into the positive territory, indicating a momentum shift after a consolidation phase. The CCI at 216 further confirms strong bullish momentum, while Stochastic indicators also reflect sustained buying pressure.
Directional indicators provide additional confirmation. The DMI shows +DI at 42.95 compared to –DI at 15.22, highlighting that buyers currently dominate the trend. The Parabolic SAR placed at Rs. 84.00 also indicates that the short-term trend has turned positive following the recent breakout.
From a price-structure perspective, NTPC Green Energy is approaching the key psychological resistance zone of Rs. 100. A decisive move above this level may trigger a fresh momentum breakout toward higher pivot resistance levels in the near term.
Trading Strategy
Strategy | Level
Buy Above | Rs. 99
Target 1 | Rs. 102
Target 2 | Rs. 105
Target 3 | Rs. 108
Stop Loss | Rs. 94
Technical Levels
Level | Price
Immediate Resistance | Rs. 100
Major Resistance | Rs. 105
Immediate Support | Rs. 96
Strong Support | Rs. 92
Bullish Breakout Candidate.
With strong price-volume expansion, positive momentum indicators and bullish directional signals, NTPC Green Energy is showing signs of a continuation breakout. A sustained move above the Rs. 99–100 zone could trigger fresh momentum buying and push the stock toward Rs. 105–108 levels in the near term.
Vaishali Parekh‘s stock recommendations
| Vaishali Parekh |
Intraday Recommendations for 12 March 2026 |
| 1] Canara Bank: Sell at Rs.147, Target Rs 142 Stop Loss Rs. 150; |
| 2] HAL: Buy at Rs.3960, Target Rs.4200, Stop Loss Rs.3900; and |
| 3] Castrol India: Buy at Rs.185, Target Rs.190, Stop loss Rs.182. |
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Paresh Gordhandas is a distinguished Chartered Accountant and one of India’s most respected Research Analysts, with an illustrious career spanning over 35 years in equity and mutual fund research. Recognized as a pioneer in the field of investment analysis, he has guided generations of investors with his sharp insights and unbiased evaluations of the Indian capital markets.
He is a regular face on leading business news channels such as GS TV and others, where his expert opinions on stocks, IPOs, and mutual funds are highly valued. His analytical articles frequently feature in prominent investment publications and financial portals, reflecting his deep understanding of market dynamics.
Beyond research, Mr. Gordhandas is also a successful entrepreneur. He is the driving force behind several innovative ventures, including BigGaddi.com, India’s leading used commercial vehicle platform, and StaffAvailable.com, a reputed overseas recruitment portal. As a domain expert in mutual fund analysis, his views and recommendations are exclusively featured on Sahifund.com, one of India’s growing mutual fund research platforms.