Will Adani Power Sustain Its Crucial 150 Support Zone?
About the Stock
Adani Power has been in a strong price-driven trend with traders closely watching the behaviour around key support and resistance levels. The stock has respected an important base zone, which is guiding the near-term market sentiment and directional bias.
Recent sessions show that the 150 zone has acted as a firm trading support. The stock’s ability to sustain above this level indicates renewed buying interest, especially from short-term and positional traders who track price action closely.
Key Trading Highlights
| Parameter | Observation |
|---|---|
| Current Price | ₹154.50 |
| Critical Support | ₹150 zone acting firm for multiple sessions |
| Upside Potential | ₹165 → ₹175 |
| Extended Target | ₹200 if momentum accelerates |
| Invalidation | View fails on a close below ₹150 |
The sustained defence of ₹150 indicates that buyers continue to absorb supply at this zone. If this base remains intact, the stock may attempt an upward swing toward ₹165 and ₹175, with a possible extension to ₹200 in the coming days or weeks. However, a close below ₹150 would challenge the bullish structure and weaken the momentum.
Traders monitoring derivatives-based setups may refer to the latest positional levels through Nifty F&O Tip.
Price Structure View
The stock’s recent candles reflect accumulation at lower levels. The ₹150 support holding repeatedly reinforces the structural strength. Sustained higher lows and intraday recoveries indicate that dip-buying continues to dominate in this price band. Any breakout above ₹165 could open the path toward a broader upward trajectory.
For volatility-aware traders, bank index cues can complement stock-specific momentum via BankNifty F&O Tip.
Investor Takeaway
Indian-Share-Tips.com analyst Gulshan Khera, CFP®, notes that respecting key levels such as 150 is vital for momentum continuation. Traders should track closing strength above this zone for sustained bullishness, while investors may focus on the broader trend and sector cues. Explore more insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
