After post-split surge, Adani Power enters consolidation phase; analysts see mixed signals with critical support at ₹144 and resistance near ₹155
Post-Rally Cool-Off: Adani Power Corrects 18% from September Peak
Adani Power, after touching a record high of ₹182.75 on September 23, 2025, has seen an 18% correction, currently trading at ₹149.55 on the BSE. The correction comes shortly after the stock traded ex-split (1:10) and is now showing signs of range-bound consolidation.
- Market Cap: ₹2.88 lakh crore
- Volume: 16.19 lakh shares
- Turnover: ₹24.15 crore
- RSI: 57.7 – indicating neither overbought nor oversold territory
Technical Setup: Consolidation with Key Levels in Focus
The stock remains technically strong, trading above all major moving averages, from 5-day to 200-day. However, analysts flag profit-booking and a narrow price band as signs of caution.
| Analyst | Key Support | Key Resistance | Commentary |
|---|---|---|---|
| Kunal Kamble (Bonanza) | ₹144.39 (50 DEMA); Below ₹144 → ₹127–132 | ₹156.10 → ₹180–220 | Profit-booking led consolidation; trend positive above 50 DEMA |
| Jigar S Patel (Anand Rathi) | ₹144 | ₹155 → ₹160 | Short-term range: ₹140–₹160 |
| Amruta Shinde (Choice Broking) | ₹142 (Immediate), ₹136 (Deep Support) | ₹155 → ₹163–₹170 | Narrow consolidation; breakout above ₹155 needed |
| Amol Athawale (Kotak Sec.) | ₹140 (20-DMA), ₹144 (140-DMA) | ₹160, ₹170 | Bullish above moving averages; vulnerable if breached |
| AR Ramachandran | ₹145 (Support) | ₹154 (Strong Resistance) | Close below ₹145 may trigger fall to ₹122 |
“The stock is in a cooling-off phase, but the medium-term trend remains intact unless key support zones are breached,” notes Amol Athawale.
Outlook: Consolidation Before the Next Move?
While most analysts agree on a neutral to mildly bullish stance, they emphasize patience and confirmation-based trading, especially with the stock oscillating between ₹140–₹160.
Bullish Scenario:
- A sustained close above ₹155 may trigger fresh upside toward ₹163–₹170.
- Breakout above ₹170 could re-test all-time high levels around ₹182–₹220.
Bearish Scenario:
- A decisive breakdown below ₹144–₹140 could accelerate selling toward ₹127–₹132.
- Some analysts see ₹122 as a deeper support, especially if broader market sentiment weakens.
Adani Power is undergoing a healthy consolidation after its post-split rally, having corrected 18% from its record high. Analysts expect a sideways movement in the short term with critical levels at ₹144 (support) and ₹155 (resistance). While the long-term trend remains constructive, a clear breakout or breakdown is needed to confirm the next directional move.
