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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.

10 day averaged volume of Adani Power is 6443694

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	634.70	636.00	642.00	633.55	0.061 times
17 Fri May 2024	635.95	640.00	640.35	629.05	0.429 times
16 Thu May 2024	640.35	646.00	652.00	631.60	0.616 times
15 Wed May 2024	639.75	630.00	647.80	626.00	1.182 times
14 Tue May 2024	628.05	593.45	636.00	590.45	1.542 times
13 Mon May 2024	594.90	603.10	605.00	580.70	0.638 times
10 Fri May 2024	603.10	615.00	631.00	600.00	1.181 times
09 Thu May 2024	612.80	589.40	622.00	586.50	3.144 times
08 Wed May 2024	580.65	580.00	587.50	572.40	0.341 times
07 Tue May 2024	580.55	590.05	596.30	577.00	0.395 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 625.7, but if it comes below 625.7, then a intra day sell could be more profitable.
If you take a sell trade below 625.7, then use 625.7 as stoploss and 607.05 as target. However if you take a buy trade in stock , then use 625.7 as stoploss and 648.2 as target.

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	609.70
Downside Target	616.00
Downside Target	624.60
Downside Target	631.00
Upside Target	646.90
Upside Target	652.00

Intraday share price targets for Adani Power (ADANIPOWER)

Target Type	Value
Downside Intraday Target	592.93
Downside Intraday Target	551.17
Upside Intraday Target	664.23
Upside Intraday Target	693.77
Downside Intraday Target	622.47

Weekly technical analysis of Adani Power (ADANIPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	634.70	603.10	652.00	580.70	0.799 times
10 Fri May 2024	603.10	603.00	631.00	572.40	2.155 times
03 Fri May 2024	604.70	599.40	624.60	591.55	2.18 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

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)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Sat May 2024	634.70	618.00	652.00	572.40	1.117 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 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)

Price action analysis of Adani Power ( (ADANIPOWER) ) 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) ) based on a short to mid 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) ) 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Adani Power in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

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 616.68 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.