IREDA, RITES, RCF, NHPC, NTPC Green Energy Share Price Jumps on Friday; Stocks to Watch on Monday
IREDA, RITES, RCF, NHPC, NTPC, MRPL, HPCL, IDBI Bank and NTPC Green Energy were among public sector stocks that witnessed strong move on Friday. IREDA is currently above psychological Rs 150 levels and we can see further strength in this counter. RITES witnessed strong rally on Friday and if markets remain positive, we can expect further momentum in this PSU counter. NTPC Green Energy could also be trading soon above Rs 100 but traders should keep a close watch at resistance levels. Indian markets have finally managed to close the week with positive sentiment. Overall mood in the global markets is still cautious and investors are concerned about tariffs war US President Donald Trump is pushing forward with. If there is more clarity on tariffs, markets can see more stability. TopNews Team has reviewed levels for some of the popular PSU stocks.
IREDA
Insights:
IREDA remains significantly below its 52-week high of Rs 310.00, with current prices near Rs 150 suggesting room for recovery.
The 50% Fibonacci level lies at Rs 218.25, indicating a critical midpoint to watch for trend reversals.
A sustained break above Rs 196.60 (61.8% level) may trigger bullish momentum toward higher retracement zones.
| Fibonacci Level | Price (Rs) |
|---|---|
| 23.6% | Rs 266.69 |
| 38.2% | Rs 239.9 |
| 50.0% | Rs 218.25 |
| 61.8% | Rs 196.6 |
| 78.6% | Rs 165.77 |
NTPC Green Energy
Insights:
Currently trading near Rs 100, NTPC Green Energy is consolidating well below its 52-week high of Rs 155.35.
Rs 119.95 (50% Fibonacci level) represents a key resistance level for any upward rally.
Rs 99.70 (78.6% level) serves as a crucial support—failure to hold could trigger deeper correction.
| Fibonacci Level | Price (Rs) |
|---|---|
| 23.6% | Rs 138.64 |
| 38.2% | Rs 128.3 |
| 50.0% | Rs 119.95 |
| 61.8% | Rs 111.6 |
| 78.6% | Rs 99.7 |
NHPC
Insights:
NHPC’s recent support levels near Rs 80 show strength, given the 52-week range of Rs 71 to Rs 118.40.
The 50% retracement sits at Rs 94.70—reclaiming this level could spark medium-term bullish sentiment.
A breakout beyond Rs 100.29 (38.2%) may encourage further institutional interest.
| Fibonacci Level | Price (Rs) |
|---|---|
| 23.6% | Rs 107.21 |
| 38.2% | Rs 100.29 |
| 50.0% | Rs 94.7 |
| 61.8% | Rs 89.11 |
| 78.6% | Rs 81.14 |
RITES Limited
Insights:
RITES is trading in a corrective phase from its Rs 398.45 high; the stock may find footing near Rs 295.43 (50% level).
A bounce from Rs 271.11 (61.8%) could attract fresh buying momentum.
Medium-term traders should monitor Rs 319.74 as a resistance pivot for upside confirmation.
| Fibonacci Level | Price (Rs) |
|---|---|
| 23.6% | Rs 349.82 |
| 38.2% | Rs 319.74 |
| 50.0% | Rs 295.43 |
| 61.8% | Rs 271.11 |
| 78.6% | Rs 236.49 |
RCF
Insights:
RCF appears to be in a consolidation phase after declining from Rs 245.00 highs.
Rs 177.90 (50% level) could act as an interim resistance for short-term traders.
A breakdown below Rs 139.52 (78.6%) could indicate further downside risk.
| Fibonacci Level | Price (Rs) |
|---|---|
| 23.6% | Rs 213.33 |
| 38.2% | Rs 193.74 |
| 50.0% | Rs 177.9 |
| 61.8% | Rs 162.06 |
| 78.6% | Rs 139.52 |
