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ADANIPOWER

ADANIPOWER-Bullish Momentum Continues with Strong Support.1. Trend Analysis: Adani Power has been in a continuous uptrend since April 2023, forming higher highs and lower lows. This is indicative of a bullish trend, suggesting that buyers have been in control. 2. Moving Averages: The 30-day Simple Moving Average (SMA) and 50-day SMA are acting as significant supports, confirming the bullish sentiment. These moving averages are often used to identify the trend direction, and the fact that the stock is consistently above them is a positive sign. 3. Significant Development on 24 November: On 24 November, a noteworthy event occurred, leading to a substantial 42% price movement within just 12 days. Such rapid movements can indicate strong momentum and interest from market participants. 4. Consolidation Phase: After the rapid move, the stock underwent a consolidation phase for nearly 1.5 months. During this period, volumes remained low, suggesting a decrease in trading activity and potential accumulation by institutional investors. 5. Volume Analysis: On 24 January, there was a significant increase in volumes. This could indicate renewed interest in the stock and potential for a breakout. The combination of low volumes during consolidation and increased volumes during the breakout suggests a potential strong move. 6. Candlestick Patterns: Candlestick analysis shows that on 24 January, there is a contraction in candle size, indicating a period of indecision or consolidation. This often precedes a significant price move. A breakout above the resistance level of 554 could signal a bullish continuation. 7. Resistance and Support Levels: The resistance level at 554 is crucial. A successful break above this level may trigger a strong upside move. On the downside, the support at 511 is deemed strong. If the price closes below this level, it could lead to further consolidation or a potential downtrend. 8. Current Outlook: As of now, the technical analysis suggests a bullish outlook for Adani Power. The stock has shown strength during the uptrend, and recent developments, including increased volumes and a potential breakout, support the bullish case. Conclusion: Traders and investors should monitor the key levels of 554 (resistance) and 511 (support) closely. A breakout above 554 could provide a bullish trading opportunity, while a breakdown below 511 might indicate a shift in sentiment. Disclaimer: The information provided herein is for educational purposes only and is not intended as financial advice. Any trading or investment decisions made based on the content provided are at your own risk. It is essential to conduct your own research and due diligence before making any financial decisions.
NSE:ADANIPOWERLong
by TTS007
Long Setup in Adani PowerAn On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:ADANIPOWER Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Risk to Reward ratio will be 1:2 Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- On-Neck Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:ADANIPOWERLong
by raigvivek
ADANIPOWER - AnalysisAdani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading. Financials: TTM EPS: 27.81 TTM PE: 10.01 P/B: 5.74 Face Value: 10 Mkt Cap (Rs. Cr.): 107,415 Sector PE: 14.22 Book Value Per Share: 48.49 News: Adani Power, the Adani group company, on Thursday(03/08/2023), had posted a net profit of ₹8,759 crore for the first quarter of FY24, registering a robust growth of 83% from ₹4,780 crore in the same quarter last year. Positives: Strong Momentum: Price above short, medium and long term moving averages Company with high TTM EPS Growth Strong Annual EPS Growth Efficient in managing Assets to generate Profits - ROA improving since last 2 year Growth in Net Profit with increasing Profit Margin (QoQ) Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Increasing Revenue every quarter for the past 3 quarters Increasing profits every quarter for the past 2 quarters Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years FII / FPI or Institutions increasing their shareholding Negatives: Companies with High Debt Inefficient use of shareholder funds - ROE declining in the last 2 years Rising other income, and low operating income Declining Net Cash Flow : Companies not able to generate net cash NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:ADANIPOWERLong
by babutaaniket
ADANIPOWER | Mini Swing Trade📊 DETAILS Sector: Power Generation/Distribution Mkt Cap: 130,345 cr Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The co along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis. TTM PE : 8.86 (Average PE) Sector PE : 16.42 Beta : 1.45 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 17.55% away from 52 week high Underperformer - Adani Power down by -11.07% v/s NIFTY 50 down by -1.79% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:ADANIPOWERLong
by Munish_Jain
ports ... adani ports the counter which was hammered by heidenburg reports!! i expect it to touch a 15% upmove area multiple reasons beyond technicals one is to maintain market cap of the group being one of the nifty stocks in adani folio other stock may show underperformance but such counter with real value are someone who should perform ! i like a quote that could be useful here !! When everything seems to be going against you, remember that the airplane takes off against the wind, not with it." Henry Ford.
NSE:ADANIPORTSLong
by pratik2358