ADANIPOWER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a comprehensive technical analysis of Adani Power Ltd. (ADANIPOWER) as of mid-September 2025

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, forming higher highs and higher lows within a rising parallel channel

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Price Action: Trading at ₹631, well above both the 50-DMA (₹603) and 200-DMA (₹572), confirming bullish strength across short and long-term timeframes

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📈 Momentum Indicators

RSI (57.9): Bullish zone, but trending slightly downward, suggesting mild profit booking or short-term consolidation

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MACD (12.1): Positive crossover, indicating continued bullish momentum.

Volume: Current volume (41.89L) is below the 1-week average (64.90L), hinting at reduced participation but still healthy interest

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📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, indicating strength. A breakout above ₹660–₹680 with volume could trigger a fresh rally

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📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 616 – 620 Near recent swing low and lower channel boundary

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Resistance 660 – 680 Upper channel boundary and 52-week high zone

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Breakout Zone 685+ Above this, next target is ₹700 – ₹720

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🎯 Entry & Exit Strategy

Optimal Entry: ₹615 – ₹625 (on dips with bullish confirmation)

Exit Zone: ₹675 – ₹685 (partial profit booking); ₹700+ (final resistance)

Stop Loss: ₹600 (below key support)

🔍 Summary

Trend: Trending upward

Momentum: Strong but slightly cooling

Volume: Healthy but tapering

Outlook: Positive; sustaining above ₹660 could fuel a rally toward ₹700

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📌 Note: Adani Power is undergoing a 1:5 stock split with a record date of September 22, 2025, which may increase liquidity and attract retail participation

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Sources

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Goodreturns

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TechAnnouncer

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Goodreturns

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Mint | MSN

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in.investing.com

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