The chart represents the daily price action of Adani Power Ltd. on NSE, with a significant upward movement of +5.89%, closing at 497.80.
Key resistance levels are observed around 506.85 and 508.80 (previous sell signal), while support lies near 456.70 and 445.00.
The CCI (Commodity Channel Index) remains in negative territory, indicating weak overall trend strength despite today's positive move.
Traders should watch for price action near resistance and support levels for potential breakouts or reversals.
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