Adani Power technical analysis

According to the latest Pivot data, Adani Power’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹229.43, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹238.55, ₹243.72, and ₹252.84, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹224.26, ₹215.14, and ₹209.97, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Adani Power’s price movement.