Weekly Chart Analysis of

ADANIPOWER

Adani Power Weekly Analysis Adani Power has shown strong strength on the weekly chart, as the stock has given a clear breakout above its key moving averages, which signals that the trend has turned positive. The Parabolic SAR is placed below the price, confirming that buyers are in control, while RSI is at 66, showing healthy momentum with some more room before becoming overbought. The MACD is also in bullish mode, supporting further upside. On the higher side, the immediate hurdle is placed near ₹670–680, and if the stock sustains above this zone, it can move further towards ₹715–730 and even ₹780–800 in the medium term. On the downside, ₹610–620 will act as immediate support, and ₹570 will be a strong base. Overall, the trend looks bullish, and any dip towards support zones can be seen as a buying opportunity for short to medium term. Adani Power – Investment Views Short-Term View (2–4 weeks): The stock has given a strong breakout and is trading with high momentum. As long as it stays above ₹620 support, it can move towards ₹670–700 levels in the near term. Some profit booking may come near resistance, but overall trend is positive. Medium-Term View (3–6 months): With the stock split and new project announcements, investor interest is likely to remain strong. If the stock sustains above ₹680–700, the next target zone will be ₹750–780. Dips near ₹620–640 can be good buying opportunities. Long-Term View (6–12 months & beyond): The upcoming 2,400 MW Bihar power plant and capacity expansion projects provide strong growth visibility. Over the long term, if execution goes well, the stock has potential to move towards ₹850–900+ levels. Long-term investors can hold with a positive outlook, keeping ₹570 as a strong base support.