Stock of the day : Adani Power Ltd by Target Rs. 164 - Religare Broking Ltd
Adani Power Ltd
* ADANIPOWER is exhibiting a constructive bullish transition following an extended consolidation phase, supported by expanding volume that signals renewed institutional accumulation.
* Price action has reclaimed key short-term moving averages, indicating strengthening momentum and an emerging trend reversal.
* The formation of successive higher lows highlights persistent demand during pullbacks, while momentum oscillators appear to be turning positive.
* Investors may consider initiating long positions within the suggested accumulation zone.

Buy Adani Power Ltd CMP 154.06 Range 153-155 SL 149 Target 164
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SEBI Registration number is INZ00017433
