Adani Power (ADANIPOWER) presents a compelling buy-side case near current levels around ₹141, holding above strong support at ₹139-142 with bullish consolidation breakout from recent basing patterns.
RSI around 61 signals healthy momentum without overbought conditions, while MACD remains positive at +4.74 and the stock stays above key 20/50/200-day MAs, confirming uptrend resilience.
Price action targets R1 ₹152-155 on volume pickup, with analysts noting potential to ₹168 amid power sector tailwinds and outperformance versus Sensex.
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.