⚡ Adani Power – Cup & Handle Breakout in Making!

🔎 Technical View Pattern Formation: The stock has been forming a Cup pattern for nearly a year, and now price is breaking out above the neckline at ₹620–₹630. Strong Momentum: The latest weekly candle is wide and green, signaling bullish strength. Volume Confirmation: Volumes are rising, confirming accumulation during the breakout. Upside Targets: Post cup breakout, the measured move suggests potential towards ₹700–₹750 in the medium term. 📊 Fundamental View Adani Power benefits from India’s strong electricity demand growth, driven by infra expansion and industrial recovery. Capacity expansions and tie-ups for renewable-linked thermal integration strengthen long-term earnings. Risks: Regulatory dependence and fuel cost volatility remain, but demand tailwinds outweigh risks in the medium term. ✅ Key Levels to Watch Support: ₹620 (breakout zone, should hold) Upside Target: ₹700 → ₹750 Risk Level: Breakdown below ₹600 would negate the bullish setup.