Adani Power share are down by -2.24%, Nifty down by -0.16%

Adani Power Share Price Today on : At 18 Sep 16:01 today, Adani Power shares are trading at price ₹651.3, -2.24% down from the previous closing price. Sensex is trading at ₹82948.23, down by -0.16%. The stock has hit a high of ₹668.1 and a low of ₹650 during the day.

On the technical front, the stock is trading above the 5,10,300 days SMA & lower than the 20,50,100 day SMA. The stock will have support at 5,10,300 days SMA & face resistance at 20,50,100 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹662.6, ₹674.5, & ₹681.3, whereas it has key support levels at ₹643.9, ₹637.1, & ₹625.2.

Till 4 PM today, the volume traded on NSE & BSE for Adani Power was -87.06% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, Initial signs of a trend reversal are evident following the recent downtrend..

From a fundamental analysis perspective, the company has a ROE of 57.44% .The current P/E of the stock is at 16.27 .

The MF holding has decreased from 0.02% in march to 0.01% in the june quarter.

The FII holding has decreased from 15.91% in march to 14.73% in the june quarter.

Adani Power share price down -2.24% today to trade at ₹651.3 while its peers are mixed. Its peers such as Rattan India Power, Orient Green Power Company are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.16% & -0.16% each respectively.