Technical Analysis Adani Power

The stock

has transitioned through several phases over the last year. From mid-2024 to early 2025 the stock was in a clear downtrend characterized by lower highs and lower lows bottoming out near the ₹90–₹100 range. Since March 2025 there has been a steady recovery. The stock recently staged a massive God candle sharp vertical move toward ₹180 followed by a cooling-off period. It is currently in a consolidation/correction phase. The price is oscillating between ₹135 and ₹155 attempting to find a new support after the recent spike. Immediate resistance ₹155–₹160. The stock has struggled to close above this level recently. A breakout here could lead back to the previous peak of ₹180. Immediate support ₹140. This is a psychological and technical level where buyers have stepped in recently. Major base support ₹115–₹120. This was the breakout zone for the most recent rally. If the price falls here it would likely see strong buying interest. The volume has dried up recently as the price trades sideways. This usually precedes a breakout or breakdown move. The price is currently at ₹146.57. It is hovering right in the middle of its recent range indicating a wait and watch sentiment among traders. Bullish view if the stock holds above ₹140 and breaks ₹155 with high volume it targets ₹180+. Bearish view a slide below ₹135 could signal a deeper correction toward the ₹120 mark. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.