Adani Energy Solutions – “Twin Cup Breakout with Wave 3 Acceleration ☀️”

Technical Analysis: Adani Energy Solutions is showing a rare twin Cup breakout structure, signaling strong accumulation and renewed momentum after months of consolidation. Elliott Wave Structure: The stock appears to have completed Wave (2) correction and is entering a fresh Wave (3) impulse, typically the strongest leg of an Elliott Wave sequence. MACD Divergence: The MACD has confirmed a bullish crossover, with rising histogram momentum — indicating that strength is now backed by volume and trend alignment. AVWAP Analysis: The AVWAP from the previous peak (around ₹1,000) acted as resistance earlier but has now turned into support, confirming a shift in control from sellers to buyers. Fundamental Snapshot: Adani Energy Solutions (formerly Adani Transmission) is a key player in India’s energy transition, operating transmission networks and smart grid solutions. With robust EBITDA margins (~58%), consistent double-digit revenue growth, and declining leverage, the company is well-positioned to benefit from rising power demand and government focus on renewables and infrastructure. Summary: A decisive breakout above ₹985 validates the Cup & Handle continuation setup, projecting a measured target near ₹1,225 (+24%). Setup Summary: Twin Cup Breakout + Wave 3 Acceleration + Strong Fundamentals = High-probability positional play for swing and medium-term investors.