ADANIENSOL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.9

Technical Analysis Report

• Trend Status: Trending upward
• Moving Averages: Price (₹995) is above both 50 DMA (₹896) and 200 DMA (₹870), indicating bullish momentum
• RSI (67.6): Approaching overbought zone, caution advised
• MACD (24.4): Positive crossover, confirming bullish trend
• Bollinger Bands: Price near upper band, suggesting potential short-term resistance
• Volume: Slightly below average (26.2L vs 29.8L), indicating mild dip in participation
• Support Zones: ₹960, ₹920
• Resistance Zones: ₹1,020, ₹1,060
• Entry Zone: ₹960–₹980 (near support)
• Exit Zone: ₹1,040–₹1,060 (near resistance)

Sources: ETMoney Technicals

ET Money

Positive

• Price above both 50 and 200 DMA confirms bullish trend
• MACD and RSI support continued upward momentum
• DII holding increased by 3.08%, showing strong domestic institutional confidence

Limitation

• High P/E ratio (193) vs industry average (52.5) suggests overvaluation
• RSI nearing overbought zone may lead to short-term pullback
• Volume slightly below average, indicating reduced conviction

Company Negative News

• Quarterly PAT declined from ₹156 Cr to ₹101 Cr (-43.6%)
• FII holding dropped by 2.79%, reflecting reduced foreign investor interest

Company Positive News

• EPS of ₹5.15 supports earnings visibility
• Stock has gained 80.9% from its 52-week low

Industry

• Utilities sector remains stable with long-term infrastructure tailwinds
• Industry P/E of 52.5 indicates sector-wide premium valuations

Conclusion

• ADANIENSOL is in a bullish trend with strong technical indicators
• Entry near ₹960–₹980 offers a favorable setup
• Exit near ₹1,040–₹1,060 is ideal for short-term gains
• Investors should monitor RSI and volume for signs of trend exhaustion