ADANIPOWER 1 Day View

📈 Support & Resistance Levels

Classic Pivot Points:

Resistance: ₹151.20 (R1), ₹156.15 (R2), ₹159.40 (R3)

Support: ₹139.75 (S1), ₹143.00 (S2), ₹134.80 (S3)

Pivot Point: ₹147.95

Fibonacci Levels:

Resistance: ₹151.08 (R1), ₹153.02 (R2), ₹156.15 (R3)

Support: ₹142.88 (S1), ₹144.82 (S2), ₹139.75 (S3)

Pivot Point: ₹147.95

Camarilla Levels:

Resistance: ₹147.00 (R1), ₹147.75 (R2), ₹148.50 (R3)

Support: ₹144.00 (S1), ₹144.75 (S2), ₹145.50 (S3)

Pivot Point: ₹147.95

📊 Technical Indicators

RSI (14-day): 44.06 — Neutral to slightly bearish

MACD: -0.840 — Bearish trend

Moving Averages:

20-day EMA: ₹135.67 — Neutral

50-day EMA: ₹127.34 — Neutral

100-day EMA: ₹121.00 — Uptrend

200-day EMA: ₹116.62 — Uptrend

🔍 Market Sentiment

Technical Rating: Strong Buy (based on daily analysis)

Trend Strength: ADX(14) at 26.72 — Indicates a strong trend

Stochastic RSI: 27.73 — Neutral

Ultimate Oscillator: 51.48 — Bearish

📉 Recent Performance

Recent Decline: Adani Power reported a 15.5% decline in its first-quarter profit, with consolidated net earnings dropping to ₹33.05 billion from ₹39.13 billion the previous year. The decline is attributed to subdued power demand and increased coal import costs

📌 Conclusion

Adani Power is currently in a neutral to slightly bearish phase on the daily chart, with key support around ₹139.75 and resistance near ₹151.20. The technical indicators suggest a cautious outlook, with the RSI and MACD indicating a bearish trend. However, the strong trend strength (ADX) and positive moving averages indicate potential for upward movement if the stock breaks above resistance levels.