ADANIPOWER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | ADANIPOWER | Market Cap | 2,92,163 Cr. | Current Price | 152 ₹ | High / Low | 183 ₹ |
| Stock P/E | 28.5 | Book Value | 24.8 ₹ | Dividend Yield | 0.00 % | ROCE | 23.7 % |
| ROE | 27.0 % | Face Value | 2.00 ₹ | DMA 50 | 145 ₹ | DMA 200 | 137 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.71 % | PAT Qtr | 2,047 Cr. | PAT Prev Qtr | 2,735 Cr. |
| RSI | 59.2 | MACD | 2.55 | Volume | 4,69,11,383 | Avg Vol 1Wk | 4,75,63,071 |
| Low price | 92.4 ₹ | High price | 183 ₹ | PEG Ratio | 0.90 | Debt to equity | 0.94 |
| 52w Index | 65.5 % | Qtr Profit Var | -32.6 % | EPS | 5.32 ₹ | Industry PE | 24.3 |
📊 Chart Analysis: Current price ₹152 is above both 50 DMA (₹145) and 200 DMA (₹137), showing bullish support. RSI at 59.2 indicates moderately strong momentum but not overbought. MACD at 2.55 confirms mild bullish bias. Bollinger Bands suggest price is mid-range, not overextended. Volume (4,69,11,383) is close to the 1-week average (4,75,63,071), reflecting steady participation.
📈 Momentum Signals: Short-term momentum is positive. Support levels are at ₹145 and stronger at ₹137. Resistance zones are around ₹160–₹165 and ₹183. Optimal entry could be near ₹148–₹152 on pullbacks, while exit zones are around ₹160–₹165.
🔄 Trend Status: The stock is trending upward with mild bullish signals. Sustained volume near resistance could trigger a breakout attempt.
Positive
- Large market cap of ₹2,92,163 Cr. provides strong stability.
- Stock trading above both 50 DMA and 200 DMA indicates technical strength.
- High ROCE (23.7%) and ROE (27.0%) reflect excellent efficiency.
- Low debt-to-equity ratio (0.94) compared to peers in the sector.
- Institutional support with FII (+0.11%) and DII (+0.71%) inflows.
Limitation
- High P/E ratio (28.5) compared to industry average (24.3).
- Dividend yield is negligible at 0.00%, limiting investor returns.
- Quarterly PAT declined from ₹2,735 Cr. to ₹2,047 Cr. (-32.6%).
- EPS at ₹5.32 is modest relative to valuation.
Company Negative News
- Quarterly profit decline (-32.6%) raises concerns about earnings stability.
- High valuation multiples may limit near-term upside.
Company Positive News
- Institutional inflows (FII +0.11%, DII +0.71%) reflect investor confidence.
- Strong ROCE and ROE highlight operational efficiency.
Industry
- Industry P/E at 24.3 highlights sector valuation discipline compared to ADANIPOWER’s slightly higher multiples.
- Power and energy sector benefits from rising demand and government focus on infrastructure expansion.
Conclusion
✅ ADANIPOWER shows mild bullish technical momentum, trading above key moving averages with positive MACD and strong RSI. Entry is favorable near ₹148–₹152 with exit potential around ₹160–₹165. Fundamentally, strong ROCE, ROE, and institutional support are positives, but profit decline and modest EPS limit upside. This is a cautious accumulation candidate for long-term investors, with short-term traders advised to monitor resistance levels closely.