Adani Power Share Fundamental Analyis
Adani Power is a very strong fundamental company. This company is the number one private power producing company in India. This company generates electricity from coal and solar. You must know that solar power is increasing a lot in India. The work of this company is to produce power. This company produces power and sells it to the government. This company has made a lot of agreements with the governments in India to sell power. If Adani Power starts selling power in any state after making an agreement with the government, then no new competitor can come because as per the agreement the government will buy Adani Power’s electricity. This company is going to have very good growth in the future. Adani Power made a profit of 1269.98 crores in FY2021 which has now increased to 20828.79 crores in FY2024. There has been a huge increase in the profits of this company. The stock price of this company is going to increase a lot.
Adani Powet Plants lists
Thermal Power Plants
- Mundra Thermal Power Plant – Gujarat (Capacity: 4,620 MW)
- Tiroda Thermal Power Plant – Maharashtra (Capacity: 3,300 MW)
- Kawai Thermal Power Plant – Rajasthan (Capacity: 1,320 MW)
- Udupi Thermal Power Plant – Karnataka (Capacity: 1,200 MW)
- Raipur Thermal Power Plant – Chhattisgarh (Capacity: 1,370 MW)
- Raigarh Thermal Power Plant – Chhattisgarh (Capacity: 600 MW)
Renewable Power Plants
- Kamuthi Solar Power Plant – Tamil Nadu (Part of Adani’s Renewable Energy portfolio, Capacity: 648 MW)
- Adani Solar Park – Rajasthan (Capacity: 2,000 MW under development)
Adani Power Share Technical Analysis
Adani Power share has fallen from a high of 894 to a low of 432. This share has taken a strong bounce from the strong support of 432. When this share touched a high of 432 and fell to 131, then due to this reason this share bounced and reached a high of 894. And this share has again fallen to 432. It is clearly visible that this share has bounced from 432. So, we will use Fibonacci’s 50% down strategy in this share. This share is 50% down from its high price, so now this share will bounce from here and go up 50% from its old high. Because according to FII data foreign investors had started selling the stock at a price of 894 and now foreign investors have started buying it at a price of 432. FII will start selling this share at a price of 1350 because 1350 is 50% higher of this share than 894. We have to buy and sell the stock as per FII data and not as per any media or newspaper. When this share will reach around 1350 then news will come in all media and newspapers that this stock will now cross 2000 but then we have to sell this share. Because whenever there is a buzz about any stock in the media, then the firm needs liquidity to sell the shares, they create liquidity and sell all the stocks and retail investors get attracted here. When the firm starts selling these shares from 1350, then this share will form support of the old resistance and will take support at 894. Then we have to buy the firm. If we buy this stock now around 536, then our next target will be 1350 and we have to sell all our stocks at the price of 1350.