Adani Power approaching key resistance with 1:5 split ahead

📊 Price Action Recap

ATH: ₹681 → 51% correction

Sharp rebound: +228 pts (~51%) from Fibo 0.61 retracement

Structure: Stock is testing resistance near ₹700

⚡ Upcoming Trigger: 1:5 stock split (record date Sept 22)
Scenarios:
1️⃣ Post-split consolidation near resistance
2️⃣ Breakout above ₹700, starting a new upward leg

📌 Key Levels:

Support: 0.61 Fibonacci retracement zone

Resistance: ₹700–₹710

👉 Post-split price action will be crucial – watch liquidity and volume around resistance