ADANIPOWER on potential breakout zone!!!

Breaking above 135, the price closed on 143.20.

Initial target is 166, which the stock last reached in the week ending 7 June 2021.

Price movement above 166 could go till 175-180.

Weekly chart shows positive price action.

Good support zone at around 121, if the price fails to sustain and breaks below 135.

Volume looks strong.

Relative strength is positive and RSI is in momentum.

Trade active:

Initial target of 166 achieved.

Trade active:

Target of 175 achieved. Based on price action, one can set stop loss.