ADANIPOWER

Fundamental View- Adani Power Limited, part of the Adani Group, is India’s largest private thermal power producer with operations across Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh. The company has shown strong fundamentals with a market cap exceeding ₹2.15 lakh crore, a healthy ROE of around 40%, and consistent earnings growth. Technical View- As seen on the daily chart, Adani Power is trading firmly above its 14, 55, and 200-day EMAs, indicating a strong and positive price structure. The Parabolic SAR dots are placed below the price, which confirms a bullish trend. The MACD indicator is showing positive divergence, and the MACD line is trading above the signal line, reflecting strong buying momentum. The RSI is hovering around the 64 level, suggesting bullish momentum is intact and there is still room for further upside as the stock is not yet in the overbought zone. Considering these technical signals, the stock can be accumulated with a 'buy on dips' strategy. A good entry zone could be around ₹570–₹575 with a stop-loss at ₹550. If the stock continues its upward momentum, it may soon test levels of ₹640–₹650 in the near term. Warning- ***** ***** *****