ADANIGREEN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | ADANIGREEN | Market Cap | 1,46,680 Cr. | Current Price | 891 ₹ | High / Low | 1,179 ₹ |
| Stock P/E | 199 | Book Value | 89.8 ₹ | Dividend Yield | 0.00 % | ROCE | 8.87 % |
| ROE | 9.41 % | Face Value | 10.0 ₹ | DMA 50 | 928 ₹ | DMA 200 | 1,000 ₹ |
| Chg in FII Hold | 0.13 % | Chg in DII Hold | 1.33 % | PAT Qtr | 82.0 Cr. | PAT Prev Qtr | 475 Cr. |
| RSI | 46.4 | MACD | -22.0 | Volume | 25,65,619 | Avg Vol 1Wk | 43,65,314 |
| Low price | 765 ₹ | High price | 1,179 ₹ | PEG Ratio | 1.78 | Debt to equity | 1.18 |
| 52w Index | 30.4 % | Qtr Profit Var | -85.3 % | EPS | 4.11 ₹ | Industry PE | 30.0 |
📉 Chart & Trend: Current price (891 ₹) is below both 50 DMA (928 ₹) and 200 DMA (1,000 ₹), confirming short-term weakness and bearish bias.
📊 RSI: At 46.4, RSI is neutral but leaning bearish, showing limited buying strength.
📉 MACD: Negative (-22.0), indicating bearish crossover and weak short-term momentum.
📈 Bollinger Bands: Price is near the mid-band, suggesting consolidation without strong breakout signals.
📉 Volume: Current volume (25,65,619) is below 1-week average (43,65,314), showing reduced participation and lack of accumulation.
📍 Support Levels: 870 ₹ (near-term), 820 ₹ (major support), 765 ₹ (long-term support).
📍 Resistance Levels: 930 ₹ (near-term), 1,000 ₹ (major resistance), 1,179 ₹ (52-week high).
🔎 Momentum Signal: Weak short-term momentum with bearish bias.
📌 Trend Status: Consolidating with risk of reversal if support breaks.
Positive
- DII holding increased (+1.33%), reflecting strong domestic institutional support.
- EPS of 4.11 ₹ shows earnings consistency despite volatility.
- PEG ratio (1.78) indicates reasonable valuation relative to growth.
Limitation
- Stock trading below both 50 DMA and 200 DMA, confirming bearish trend.
- Dividend yield is 0.00%, offering no income support.
- High P/E (199) compared to industry average (30.0), indicating extreme overvaluation.
- ROCE (8.87%) and ROE (9.41%) are weak compared to peers.
Company Negative News
- Quarterly profit dropped sharply from 475 Cr. to 82 Cr. (-85.3%).
- High debt-to-equity ratio (1.18) raises leverage concerns.
Company Positive News
- Sequential PAT growth from 101 Cr. to 114 Cr. in prior quarters shows operational improvement trend before recent decline.
- FII holding increased slightly (+0.13%), reflecting foreign investor support.
Industry
- Industry P/E at 30.0 is much lower than company’s P/E (199), highlighting premium pricing risk.
- Renewable energy sector remains in growth phase, supported by policy and demand tailwinds.
Conclusion
⚠️ ADANIGREEN is consolidating with weak short-term signals (negative MACD, neutral RSI, below DMA). Entry is favorable near 870–890 ₹ with strict stop-loss at 820 ₹. Exit zones lie around 930–1,000 ₹, with breakout potential toward 1,179 ₹ if momentum strengthens. Fundamentals show institutional support, but sharp profit decline, high debt, and extreme valuation raise caution. Traders should wait for confirmation signals; long-term investors may accumulate gradually only if earnings stabilize and leverage reduces.