ADANIPOWER

- Rebound

The stock has witnessed an uptrend in recent past and tested ATHs above 180 level. The recent correction took support at 140 levels as the 20 and 100 Days MA continue to trend upward. The todays price action in

suggest next leg of bullish rally confirmed by the MA. We expect this as learning for followers to follow moving averages more for a trend confirmation tool to enter in bullish stocks