ADANIPOWER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | ADANIPOWER | Market Cap | 4,79,668 Cr. | Current Price | 249 ₹ | High / Low | 253 ₹ |
| Stock P/E | 43.6 | Book Value | 27.5 ₹ | Dividend Yield | 0.00 % | ROCE | 19.2 % |
| ROE | 22.1 % | Face Value | 2.00 ₹ | DMA 50 | 201 ₹ | DMA 200 | 161 ₹ |
| Chg in FII Hold | 0.09 % | Chg in DII Hold | 0.28 % | PAT Qtr | 3,087 Cr. | PAT Prev Qtr | 2,047 Cr. |
| RSI | 76.5 | MACD | 10.9 | Volume | 9,25,29,067 | Avg Vol 1Wk | 6,45,57,239 |
| Low price | 105 ₹ | High price | 253 ₹ | PEG Ratio | 19.7 | Debt to equity | 0.93 |
| 52w Index | 97.4 % | Qtr Profit Var | 30.9 % | EPS | 5.70 ₹ | Industry PE | 33.0 |
📈 Chart Patterns: ADANIPOWER is in a strong uptrend, trading well above its 50 DMA (201 ₹) and 200 DMA (161 ₹), with price near its 52-week high (253 ₹). Momentum is stretched, signaling caution for new entries.
📊 Moving Averages: Current price (249 ₹) is significantly above both DMAs, reflecting strong bullish bias.
📉 RSI: At 76.5, RSI indicates overbought conditions, suggesting risk of short-term correction.
📈 MACD: Positive at 10.9, confirming bullish crossover and momentum continuation.
📊 Bollinger Bands: Price is near the upper band, suggesting strong momentum but heightened volatility risk.
📉 Volume Trends: Current volume (9,25,29,067) is significantly above average weekly volume (6,45,57,239), confirming strong participation in the rally.
🎯 Entry Zone: 235 ₹ – 245 ₹ (near support)
🚪 Exit Zone: 252 ₹ – 260 ₹ (resistance near 52-week high)
📌 Trend Status: Strong uptrend but overbought
Positive
- Price trading well above both 50 & 200 DMA
- Quarterly PAT surged to 3,087 Cr from 2,047 Cr (+30.9%)
- Strong ROE (22.1%) and ROCE (19.2%) highlight efficiency
- Volume surge confirms accumulation
- DII holdings increased (+0.28%)
Limitation
- High P/E (43.6) vs industry PE (33.0)
- PEG ratio at 19.7 indicates expensive growth pricing
- Debt-to-equity ratio at 0.93 shows moderate leverage risk
- Dividend yield at 0.00% offers no income support
- RSI overbought, risk of pullback
Company Negative News
- FII holdings declined (-0.09%)
- Valuation concerns due to stretched multiples
Company Positive News
- Quarterly profit growth of 30.9%
- Strong efficiency metrics (ROE/ROCE)
- Stock trading near 52-week high
Industry
- Industry PE at 33.0 highlights sector premium
- Power sector showing strong demand recovery
Conclusion
⚖️ ADANIPOWER is in a strong uptrend with bullish signals supported by MACD, RSI, and volume. Entry near 235–245 ₹ offers tactical opportunities, while resistance at 252–260 ₹ may cap short-term upside. Long-term investors should be cautious given overvaluation and leverage, while momentum traders can capitalize on near-term strength with strict stop-loss discipline.
I can extend this into a swing trade strategy with holding period guidance, or prepare a peer benchmarking overlay comparing ADANIPOWER’s valuation and momentum against NTPC, Tata Power, and JSW Energy.