ADANIENSOL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.7

📊 Technical Overview of Adani Energy Solutions Ltd. (ADANIENSOL)

📉 Trend Analysis

Current Price: ₹827

50 DMA: ₹864

200 DMA: ₹872

Trend Status: The stock is reversing downward, trading below both moving averages. This indicates a bearish phase with weakening momentum and no clear signs of recovery yet.

📉 Momentum Indicators

RSI (34.9): Near oversold territory, suggesting weak momentum. A dip below 30 could trigger a technical bounce.

MACD (-10.8): Negative and diverging, confirming bearish sentiment and lack of short-term recovery signals.

Volume: At 13.45L, slightly below 1-week average of 14.87L. Indicates reduced participation, weakening the case for a reversal.

📊 Bollinger Bands

Price likely near the lower band, consistent with RSI and MACD weakness.

This setup may precede a short-term bounce, but only if volume and RSI stabilize.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 864 Resistance

200 DMA 872 Strong Resistance

Current Price 827 Below both DMAs

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 800–810 Near-term support zone

Support 2 770–780 Previous swing low

Resistance 1 865–875 50 & 200 DMA zone

Resistance 2 900–920 Psychological and trendline resistance

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹800–₹810 (if RSI stabilizes and MACD flattens)

Exit Zone (Short-Term): ₹865–₹875 (initial resistance), ₹900–₹920 (if reversal confirms)

Stop Loss: ₹770 (below key support)

📌 Summary

Trend: Reversing downward

Momentum: Bearish and oversold

Volume: Slightly weak, no confirmation of reversal

Setup: High-risk zone; wait for bullish divergence or volume spike before entry

Would you like a scan of other energy sector stocks showing stronger technical setups or breakout potential?

Edit in a page