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Stock analysis Adani Power Limited ADANIPOWER

More indepth analysis on MunafaSutra.com

Moving Averages for Adani Power Limited

  • 5Day Average: 525.53
  • 12Day Average: 522.73
  • 20Day Average: 507.48
  • 50Day Average: 424.13
  • 100Day Average: 380.74
  • 150Day Average: 338.72
  • 200Day Average: 305.78

ADANIPOWER Indicators & signals

Indicator MACD (12,26,9)

516.81, 486.75, 33.62
Indicator MACD is in positive zone

Indicator ADX (14)

23.84, 28.17, 17.32
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 65
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ADANIPOWER Adani Power Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 533.80 518.55 to 538.85 3.34% 0.76 times
27 Wed Mar 2024 516.55 506.30 to 548.10 -1.04% 2.13 times
26 Tue Mar 2024 522.00 519.00 to 535.70 -1.7% 0.36 times
22 Fri Mar 2024 531.05 524.25 to 538.80 1.3% 0.3 times
21 Thu Mar 2024 524.25 517.00 to 528.20 1.83% 0.19 times
20 Wed Mar 2024 514.85 501.55 to 523.80 -0.65% 0.46 times
19 Tue Mar 2024 518.20 515.40 to 533.90 -2.12% 0.23 times
18 Mon Mar 2024 529.40 510.00 to 532.00 4.69% 0.79 times
13 Wed Dec 2023 505.70 498.00 to 520.00 -2.18% 2.11 times
12 Tue Dec 2023 516.95 512.10 to 529.00 -1.75% 1.17 times
11 Mon Dec 2023 526.15 515.10 to 539.70 -1.43% 2.25 times
08 Fri Dec 2023 533.80 517.50 to 570.00 -5.09% 3.76 times

Technical analysis forecast of Adani Power Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Adani Power Limited ADANIPOWER at this time. Stock is rising and might rise more.

It appears as if Adani Power Limited ADANIPOWER gave a large move recently.

Stock of Adani Power Limited (ADANIPOWER) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Adani Power Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 539.5 as stoploss in an intra day sell trade for a target of 499.67. However, stock will show a bullish move above 539.5.

More indepth analysis on MunafaSutra.com