ADANIPOWER - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.1

📊 Technical Overview of Adani Power Ltd. (ADANIPOWER)

📈 Trend Analysis

Current Price: ₹593

50 DMA: ₹575

200 DMA: ₹558

Trend Status: The stock is trending upward, trading above both key moving averages. This indicates bullish momentum and a continuation of the uptrend, supported by strong price structure.

📈 Momentum Indicators

RSI (54.5): Slightly bullish, indicating positive momentum without being overbought. Room for further upside.

MACD (2.66): Positive and rising, confirming bullish crossover and trend continuation.

Volume: At 55.2L, well above 1-week average of 30.3L. Strong volume supports momentum breakout.

📊 Bollinger Bands

Price likely approaching the upper band, consistent with bullish indicators.

Suggests momentum continuation, though a brief consolidation may occur near resistance.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 575 Support

200 DMA 558 Strong Support

Current Price 593 Above both DMAs

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 575–580 50 DMA zone

Support 2 550–560 200 DMA and trendline support

Resistance 1 610–620 Minor resistance zone

Resistance 2 685–700 Swing high zone before 52-week peak

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹575–₹585 (on pullback or MACD confirmation)

Exit Zone (Short-Term): ₹610–₹620 (initial resistance), ₹685–₹700 (if breakout confirms)

Stop Loss: ₹550 (below 200 DMA)

📌 Summary

Trend: Bullish and trending upward

Momentum: Strengthening with volume support

Volume: High, confirms breakout potential

Setup: Favorable for short-term upside; ideal for momentum-based entry

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