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

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

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Adani Power is 1209179

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	576.70	575.00	580.00	560.00	1.413 times
05 Tue Mar 2024	573.85	558.80	580.00	555.30	1.756 times
04 Mon Mar 2024	559.90	555.80	563.20	553.00	1.073 times
02 Sat Mar 2024	555.80	557.50	557.80	553.00	0.117 times
01 Fri Mar 2024	554.15	552.40	559.00	550.20	0.818 times
29 Thu Feb 2024	549.95	553.35	564.00	539.00	1.364 times
28 Wed Feb 2024	549.60	564.15	566.50	547.70	0.807 times
27 Tue Feb 2024	566.70	574.80	574.80	561.05	0.76 times
26 Mon Feb 2024	570.45	559.45	575.00	556.00	1.656 times
23 Fri Feb 2024	559.05	562.00	566.00	555.10	0.663 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 580, for a target of 569.7 or 561.17

Share price targets for Adani Power (ADANIPOWER_BE)

Target Type	Value
Downside Target	249.10
Downside Target	318.50
Downside Target	378.00
Downside Target	506.10
Downside Target	517.30
Downside Target	533.75
Downside Target	575.00
Upside Target	578.80
Upside Target	579.80
Upside Target	580.00
Upside Target	584.95

Intraday share price targets for Adani Power (ADANIPOWER_BE)

Target Type	Value
Downside Intraday Target	559.8
Downside Intraday Target	542.9
Upside Intraday Target	586.8
Upside Intraday Target	596.9
Downside Intraday Target	569.9

Weekly technical analysis of Adani Power (ADANIPOWER_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	576.70	555.80	580.00	553.00	0.768 times
02 Sat Mar 2024	555.80	559.45	575.00	539.00	1.23 times
23 Fri Feb 2024	559.05	572.00	576.40	517.30	0.881 times
16 Fri Feb 2024	563.75	575.00	584.95	533.75	0.68 times
09 Fri Feb 2024	569.50	564.70	578.80	545.00	0.647 times

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

Monthly technical analysis of Adani Power (ADANIPOWER_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	576.70	552.40	580.00	550.20	0.212 times
29 Thu Feb 2024	549.95	568.00	584.95	517.30	0.35 times
31 Wed Jan 2024	562.70	525.15	579.80	506.10	2.133 times
29 Fri Dec 2023	525.15	249.10	547.50	249.10	1.194 times

Scroll below to view daily charts

Price has moved up 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_BE)

Price action analysis of Adani Power ( (ADANIPOWER_BE) ) based on a short 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.

Price action analysis of Adani Power ( (ADANIPOWER_BE) ) 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_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Adani Power ( (ADANIPOWER_BE) ) 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 SELL. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Adani Power Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 564.05 and Adani Power (ADANIPOWER_BE) 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_BE) stock. Volume based technical analysis of Adani Power (ADANIPOWER_BE) 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.