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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 2024-04-09 View latest technical analysis

10 day averaged volume of Adani Power is 4805494

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	616.35	617.00	632.00	611.40	0.445 times
08 Mon Apr 2024	611.05	632.00	632.60	606.00	0.47 times
05 Fri Apr 2024	626.70	630.00	636.50	618.15	0.815 times
04 Thu Apr 2024	642.00	630.15	646.90	627.65	1.606 times
03 Wed Apr 2024	617.85	590.00	617.85	588.45	1.878 times
02 Tue Apr 2024	588.45	575.00	588.45	574.00	1.459 times
01 Mon Apr 2024	560.45	547.70	560.45	544.60	0.522 times
28 Thu Mar 2024	533.80	520.00	538.85	518.55	0.697 times
27 Wed Mar 2024	516.55	529.00	548.10	506.30	1.945 times
26 Tue Mar 2024	522.00	520.30	535.70	519.00	0.332 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 598.5, but if it comes below 598.5, then a intra day sell could be more profitable.
If you take a sell trade below 598.5, then use 598.5 as stoploss and 554.9 as target. However if you take a buy trade in stock , then use 598.5 as stoploss and 650.9 as target.

Share price targets for Adani Power (ADANIPOWER)

Target Type	Value
Downside Target	289.35
Downside Target	357.60
Downside Target	377.50
Downside Target	435.35
Downside Target	470.80
Downside Target	498.00
Downside Target	538.80
Downside Target	548.10
Downside Target	589.45
Downside Target	606.00
Upside Target	632.60
Upside Target	646.90

Intraday share price targets for Adani Power (ADANIPOWER)

Target Type	Value
Downside Intraday Target	604.03
Downside Intraday Target	591.72
Upside Intraday Target	630.63
Upside Intraday Target	644.92
Upside Intraday Target	618.32

Weekly technical analysis of Adani Power (ADANIPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	616.35	632.00	632.60	606.00	0.146 times
05 Fri Apr 2024	626.70	547.70	646.90	544.60	2.111 times
28 Thu Mar 2024	533.80	520.30	548.10	506.30	1.642 times
22 Fri Mar 2024	531.05	511.00	538.80	501.55	0.358 times
13 Wed Dec 2023	505.70	535.00	539.70	498.00	0.158 times

Price has moved down 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
09 Tue Apr 2024	616.35	547.70	646.90	544.60	1.503 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
30 Thu Nov 2023	431.50	364.50	470.80	357.60	3.291 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 losing momentum.

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

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 moving up

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 but buying is losing 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 586.56 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.