Adani Power Signals Bullish Breakout Above Key Levels

is showing signs of a potential bullish breakout after consolidating within a descending trendline pattern over the past few months. The stock has recently moved above the key short-term moving averages, indicating improving buying momentum. Technical View CMP: ₹215 | Time Frame: Daily The stock is currently trading above its 20-DMA (₹208.47), 50-EMA (₹211.44) and 100-DMA (₹207.63), which provides a positive technical setup. The 200-DMA is placed at ₹180.28, keeping the broader trend constructive. The stock has also given a breakout attempt above the descending trendline, accompanied by a positive move in MACD, while RSI at around 59 indicates strengthening momentum without entering the overbought zone. Key Levels Immediate Resistance: ₹217–₹220 Next Targets: ₹225 / ₹235 / ₹245 Immediate Support: ₹211–₹208 Major Support: ₹200 Strong Trend Support: ₹180 Outlook A sustained close above ₹217–₹220 with strong volumes could confirm the breakout and open the way towards ₹225 and ₹235, with ₹245 as a higher-level target. On the downside, holding the ₹208–₹211 zone would keep the short-term structure positive. A daily close below ₹208 could weaken the setup and bring the stock back into consolidation, while a decisive break below ₹200 would require caution. Overall View: Moderately Bullish — Breakout confirmation above ₹220 is important for further upside. This is a technical analysis based on chart structure and indicators, not a recommendation to buy or sell.