Adani Power — Technical Analysis
Media
Adani Power — Technical AnalysisAdani Power Limited
NSE:ADANIPOWER
shanmurali
MediaOverall view
Current bias: 🟢 Mildly bullish
The stock is in a consolidation phase after a strong earlier rally.
The broader trend remains positive, but the stock needs to cross ₹216–₹220 convincingly to resume a stronger upward move.
The most important downside level is ₹200.
Current price and trend
Latest reference price: approximately ₹212–213.
Recent trading range: roughly ₹200–₹218.
The stock has been consolidating rather than showing a clear bearish reversal.
The 52-week range is approximately ₹117–₹254.
The stock remains well above its long-term trend support, keeping the broader trend constructive.Moving averages
20-day moving average: approximately ₹207–208.
50-day moving average: approximately ₹207–216, depending on the data source/calculation date.
100-day moving average: approximately ₹216 on some technical data.
200-day moving average: approximately ₹181–209, with differences across data providers.
Price is currently near or above the shorter-term averages but is testing the 50/100-day resistance area.
Interpretation: 🟢 Long-term structure remains positive, while short-term momentum is consolidating.RSI
Latest RSI readings are around 55–60.
This indicates:
Moderate buying momentum.
No extreme overbought condition.
Reasonable room for further upside.
This is healthier than the very high RSI readings seen during the earlier rally.
RSI view: 🟢 Positive/neutralMACD
MACD readings differ between data providers because of timing and calculation differences.
Overall, there is no strong bearish MACD signal dominating the current structure.
I would give more importance to price + volume + RSI than MACD alone.
Volume
A significant volume surge accompanied the recent move toward ₹215.
This indicates strong market participation and buying interest.
However, the subsequent inability to sustain the move above ₹216 suggests that sellers are still active near resistance.
Key signal: A breakout above ₹218–220 with clearly higher volume would be much more convincing.Immediate support levels
₹207–208: First support; close to the short-term moving-average zone.
₹201–203: Important support zone and recent trading base.
₹195: Secondary/deeper support.
₹180–181: Major long-term support area around the 200-day trend zone used by some data
providers.
Resistance levels
₹216–218: Most important immediate resistance.
₹220–223: Next resistance if ₹218 breaks.
₹230: First meaningful upside target.
₹240: Secondary upside target.
₹250–254: Major resistance and previous 52-week-high area.
Current chart pattern
The stock appears to be forming a consolidation/range between roughly ₹200 and ₹218.
This is not yet a confirmed bearish pattern.
The next major directional signal should come from a break of either:
₹218–220 on the upside, or
₹200 on the downside.
Bullish scenario
A daily close above ₹218–220 would be technically positive.
Preferably, the breakout should occur with strong volume.
Potential targets:
₹223
₹230
₹240
₹250–254
A sustained move above ₹254 would create a new 52-week high and could trigger stronger momentum.
Bearish scenario
A decisive break below ₹200, particularly on strong volume, would weaken the current bullish structure.
Potential downside levels:
₹195
₹190
₹180
A sustained move below the long-term moving-average area would significantly weaken the broader trend.
Possible entry strategy — swing trader
Preferred pullback entry: Around ₹202–207, provided buyers clearly defend the area.
Breakout entry: Above ₹218–220 after confirmation.
Avoid aggressively buying around ₹212–215 because this is relatively close to resistance.
Swing-trade stop-loss: Around ₹198–200, depending on entry price and risk tolerance.
Possible trading targets
First target: ₹223
Second target: ₹230
Third target: ₹240
Major target: ₹250–254
Consider taking partial profits as the stock approaches major resistance.…
TradingView
Adani Power — Technical Analysis for NSE:ADANIPOWER by shanmurali
Overall view
Current bias: 🟢 Mildly bullish
The stock is in a consolidation phase after a strong earlier rally.
The broader trend remains positive, but the stock needs to cross ₹216–₹220 convincingly to resume a stronger upward move.
The most important downside…
August 30, 2026 11
