ADANIGREEN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.6
| Stock Code | ADANIGREEN | Market Cap | 2,02,133 Cr. | Current Price | 1,227 ₹ | High / Low | 1,272 ₹ |
| Stock P/E | 251 | Book Value | 90.4 ₹ | Dividend Yield | 0.00 % | ROCE | 5.94 % |
| ROE | 6.98 % | Face Value | 10.0 ₹ | DMA 50 | 1,029 ₹ | DMA 200 | 1,011 ₹ |
| Chg in FII Hold | -0.32 % | Chg in DII Hold | 0.25 % | PAT Qtr | 178 Cr. | PAT Prev Qtr | 82.0 Cr. |
| RSI | 76.2 | MACD | 86.7 | Volume | 33,52,380 | Avg Vol 1Wk | 47,20,873 |
| Low price | 765 ₹ | High price | 1,272 ₹ | PEG Ratio | 3.48 | Debt to equity | 1.51 |
| 52w Index | 91.2 % | Qtr Profit Var | 58.1 % | EPS | 3.67 ₹ | Industry PE | 31.0 |
📈 Chart Patterns & Trend: ADANIGREEN is trading well above both 50 DMA (₹1,029) and 200 DMA (₹1,011), confirming strong momentum. RSI at 76.2 indicates overbought conditions, while MACD at 86.7 confirms bullish divergence. Bollinger Bands suggest volatility expansion with price near its 52-week high (₹1,272), signaling stretched momentum. Price action remains closer to highs, reflecting strength but also risk of pullback.
🔑 Momentum Signals: RSI above 70 signals overbought territory. MACD positive supports bullish bias. Volume (33.5L) is below average (47.2L), showing reduced participation, which weakens breakout conviction. Trendlines highlight support near ₹1,180–₹1,200 and resistance near ₹1,260–₹1,270.
🎯 Entry Zone: ₹1,180 – ₹1,200 (support levels)
💰 Exit Zone: ₹1,260 – ₹1,270 (resistance levels)
📊 Status: Trending upward but overbought; consolidation or pullback likely unless earnings growth sustains and volumes improve.
Positive
- Quarterly PAT growth (+58.1%) shows earnings resilience
- EPS at ₹3.67 reflects profitability
- Stock trading above both 50 DMA and 200 DMA
- DII holdings increased (+0.25%), showing domestic investor confidence
Limitation
- Extremely high P/E (251) vs industry average (31.0)
- Weak ROE (6.98%) and ROCE (5.94%)
- PEG ratio at 3.48 indicates expensive growth pricing
- Dividend yield at 0.00% offers no income support
- Volume below average, limiting breakout strength
Company Negative News
- FII holdings declined (-0.32%)
- Valuation concerns due to stretched multiples
Company Positive News
- Quarterly profit improved (₹178 Cr vs ₹82 Cr)
- Strong trading momentum supported by MACD and RSI
Industry
- Industry PE at 31.0 highlights sector stability
- ADANIGREEN trading at a steep premium compared to peers
Conclusion
⚠️ ADANIGREEN is trending upward with strong technical momentum supported by earnings growth and MACD. However, valuations are extremely stretched and efficiency metrics remain weak. Best suited for tactical trades near ₹1,180–₹1,200 with profit-taking around ₹1,260–₹1,270. Long-term investors should be cautious given overvaluation, weak ROE/ROCE, and declining foreign investor interest.
Would you like me to add a renewable energy peer overlay (Adani Green vs Tata Power, JSW Energy, and NTPC) so you can see relative valuation and momentum gaps across the sector?