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(ADANIPOWER) Adani Power complete technical analysis [charts+indicators] | Buy/Sell Adani Power | (ADANIPOWER) share price targets

Complete technical analysis of Adani Power (ADANIPOWER) by charts plus indicators, forecast predictions and share price targets for Adani Power (ADANIPOWER)

Adani Power trades in NSE in Electric Utilities sector.

Showing technical analysis as on 2024-05-02 View latest technical analysis

10 day averaged volume of Adani Power is 2254359

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	608.10	618.00	624.60	604.70	2.612 times
30 Tue Apr 2024	612.45	600.00	622.80	594.25	2.601 times
29 Mon Apr 2024	596.10	599.40	600.00	591.55	0.821 times
26 Fri Apr 2024	591.60	597.75	601.65	587.05	0.844 times
25 Thu Apr 2024	592.35	594.60	596.00	589.25	0.671 times
24 Wed Apr 2024	596.50	601.00	604.90	589.60	0.57 times
23 Tue Apr 2024	602.45	600.00	608.00	599.00	0.758 times
22 Mon Apr 2024	596.90	608.25	609.70	595.50	0.561 times
19 Fri Apr 2024	594.55	571.00	602.00	571.00	1.048 times
18 Thu Apr 2024	598.10	611.95	616.00	595.00	1.191 times

Stock of Adani Power (ADANIPOWER) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 618.5 or till 634.8. Use a stoploss of 604.87 and if this stock hits its stoploss, then it can fall down till 591.28

Share price targets for Adani Power (ADANIPOWER)

Target Type	Value
Downside Target	357.60
Downside Target	435.35
Downside Target	470.80
Downside Target	501.55
Downside Target	544.60
Downside Target	568.25
Downside Target	587.05
Downside Target	604.70
Upside Target	616.00
Upside Target	624.60
Upside Target	632.60
Upside Target	646.90

Intraday share price targets for Adani Power (ADANIPOWER)

Target Type	Value
Downside Intraday Target	591.57
Downside Intraday Target	575.03
Upside Intraday Target	624.62
Upside Intraday Target	641.13
Downside Intraday Target	608.08

Weekly technical analysis of Adani Power (ADANIPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	608.10	599.40	624.60	591.55	1.773 times
26 Fri Apr 2024	591.60	608.25	609.70	587.05	0.658 times
19 Fri Apr 2024	594.55	589.00	616.00	568.25	1.308 times
12 Fri Apr 2024	595.20	632.00	632.60	590.80	0.295 times
05 Fri Apr 2024	626.70	547.70	646.90	544.60	2.111 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Adani Power (ADANIPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	608.10	618.00	624.60	604.70	0.089 times
30 Tue Apr 2024	612.45	547.70	646.90	544.60	2.876 times
28 Thu Mar 2024	533.80	511.00	548.10	501.55	0.12 times
13 Wed Dec 2023	505.70	437.00	589.45	435.35	0.524 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Adani Power (ADANIPOWER)

Price action analysis of Adani Power ( (ADANIPOWER) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Adani Power ( (ADANIPOWER) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Adani Power ( (ADANIPOWER) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Adani Power stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Adani Power in short term but the sell signal is initial and weak.

Adani Power Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Adani Power in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Adani Power is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 602.42 and Adani Power (ADANIPOWER) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Adani Power (ADANIPOWER) stock. Volume based technical analysis of Adani Power (ADANIPOWER) stock is negative.

Adani Power Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.