Adani Power – Rounded Base Breakout (Weekly)

1. Structure: Distribution → Accumulation → Breakout Earlier sharp rally → followed by time correction (not deep price correction) Formation of a rounded base (cup structure) Now price is testing / breaking ₹180–₹182 resistance 👉 This is a re-accumulation phase, not a fresh trend start 2. Breakout Characteristics Strong bullish candles near resistance Gradual build-up (no panic volatility) Higher lows clearly visible 👉 Indicates controlled buying by institutions 3. Pattern Insight Clean Cup Structure No handle yet (straight breakout attempt) 👉 If it sustains above resistance → momentum expansion 👉 If rejected → handle formation possible (even better setup later) 4. Target Projection Depth of cup: ₹180 – ₹130 ≈ ₹50 Breakout projection: ₹180 + ₹50 = ₹230 zone 👉 Your arrow around ₹210–₹220 is conservative and achievable 👉 ₹230+ possible if momentum sustains 5. Key Levels Breakout zone: ₹180–₹182 Immediate support: ₹165 Strong support: ₹150 👉 Below ₹150 → structure weakens significantly 6. Relative Strength Insight Compared to others you shared: Stronger than mid-trend stocks like Steelcast in terms of fresh opportunity Slightly less powerful than Sterlite (which had a multi-year base) 👉 Falls in “A category” setup 7. Strategy Ideal entry: Retest of ₹180 zone Aggressive: Partial above breakout Positional: Hold for ₹210–₹230 range Final View Structure: Healthy Momentum: Building Risk: Controlled Opportunity Type: Early trend continuation 👉 This is a “clean swing + positional candidate”, not a late-stage move.