Powered by: Motilal Oswal
2026-03-17 11:22:33 am | Source: Religare Broking Ltd
Stock of the day : Adani Power Ltd by Target Rs. 164 - Religare Broking Ltd
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

 

 

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ00017433

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here