Adani Power - It's HOT

Adani Power is transitioning from a transition‑phase utility to a more structured, growth‑oriented thermal‑plus‑renewable power player. The last four quarters show improving execution, better capacity utilization, and a more stable revenue base, which is gradually lifting investor confidence in the stock’s earnings trajectory.

Fundamental view – Last 4 quarters
Over the last four quarters, Adani Power has:

Reported steady revenue growth, supported by higher plant‑load factors and better coal‑availability management.

Seen sequential improvement in margins and profitability, as the company benefits from stable power‑purchase agreements and optimized fuel costs.

For the coming quarter and the full year, the key focus will be on:

Continued capacity additions and plant‑utilization rates.

Management commentary on capex, debt management, and renewable‑energy integration.

If the company sustains this momentum, the stock can attract both value and growth investors.

Technical view – RSI, MACD & other indicators
From a technical perspective, Adani Power is trading in a bullish structure:

RSI is in the upper mid‑zone, indicating strong momentum but not yet in extreme overbought territory.

MACD is in the positive zone with the histogram supporting the uptrend.

Other trend indicators (moving averages, trend‑channel structure, and volume profile) are also aligned with a constructive setup, where dips are getting absorbed by buyers.

Recommendation
Buy Adani Power at 233.18 with stoploss at 204.00 for targets of 243.95, 255.20, 267.00, 279.35, 292.25, 305.75, and 322.00.

This is a momentum‑plus‑fundamental recommendation, supported by improving earnings, bullish technical indicators, and a favorable risk‑reward profile.

Disclosure
Disclosure: I am not a SEBI registered analyst or technical advisor. This post is for educational and informational purposes only and should not be treated as investment advice.