Vinoth
Long

ADANI POWER CONSOLIDATION @ CRUCIAL SUPPORT

BSE:ADANIPOWER   ADANI POWER LTD.
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According to MACD analysis, a bearish crossover just happened and it's a negative signal. But historically support is found in the range of 23.5 to 25.

Take Long position @ SUPPORT LEVEL 1
TARGET @ 27.5
SL @ 22
Comment: Breached Support level 1and finding consolidation around the support level 2 ( 23.75)
Comment: Still our Support level 1 is preventing from downward movement. keeping our call live
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