adani power

$ADANIPOWER Based on the daily chart of Adani Power, the stock has given a strong breakout above the long-term falling trendline, confirming a change in trend from bearish to bullish. After the breakout, the stock witnessed a sharp rally from around ₹150 to nearly ₹250, indicating strong buying momentum. Currently, the price is consolidating in the ₹215–₹230 range after profit booking, which is healthy following a steep upmove. If the stock sustains above ₹215, it may again attempt to move towards ₹230–₹240, while a decisive breakout above ₹240 could open the doors for a retest of the ₹250 zone. On the downside, ₹210–₹215 acts as the immediate support, and maintaining this level keeps the medium-term bullish structure intact.