ADANIGREEN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of Adani Green Energy Ltd. (ADANIGREEN)

📊 Trend Overview

Current Trend: The stock is showing signs of a short-term uptrend within a broader downtrend. Price is attempting to recover but remains below key long-term resistance.

Price Action: Trading at ₹979, slightly above the 50-DMA (₹966) but still below the 200-DMA (₹1,066), indicating a tentative bullish bias with overhead resistance.

📈 Momentum Indicators

RSI (57.1): Mildly bullish. Indicates growing buying interest but not yet strong momentum.

MACD (5.43): Positive crossover, suggesting early bullish momentum.

Volume: Current volume (11.63L) is slightly above the 1-week average (11.26L), showing stable participation but not breakout-level enthusiasm.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, signaling strength. A breakout above ₹1,000–₹1,050 with volume would confirm bullish continuation.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 950 – 970 Near 50-DMA and recent base

Resistance 1,050 – 1,100 200-DMA and psychological barrier

Breakout Zone 1,150+ Above this, next target is ₹1,300 – ₹1,500

🎯 Entry & Exit Strategy

Optimal Entry: ₹960 – ₹975 (on dips with bullish confirmation)

Exit Zone: ₹1,050 – ₹1,150 (partial profit booking); ₹1,300+ (final resistance)

Stop Loss: ₹940 (below recent support)

🔍 Summary

Trend: Reversing upward short-term; long-term trend still bearish

Momentum: Positive signals from MACD and RSI

Volume: Stable, but needs strength for breakout

Outlook: Cautiously optimistic; watch for breakout above ₹1,050 with volume for trend reversal confirmation

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