ADANIGREEN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | ADANIGREEN | Market Cap | 2,45,404 Cr. | Current Price | 1,490 ₹ | High / Low | 1,518 ₹ |
| Stock P/E | 304 | Book Value | 90.4 ₹ | Dividend Yield | 0.00 % | ROCE | 5.94 % |
| ROE | 6.98 % | Face Value | 10.0 ₹ | DMA 50 | 1,210 ₹ | DMA 200 | 1,071 ₹ |
| Chg in FII Hold | -0.32 % | Chg in DII Hold | 0.25 % | PAT Qtr | 178 Cr. | PAT Prev Qtr | 82.0 Cr. |
| RSI | 75.2 | MACD | 78.2 | Volume | 72,87,573 | Avg Vol 1Wk | 44,60,748 |
| Low price | 765 ₹ | High price | 1,518 ₹ | PEG Ratio | 4.23 | Debt to equity | 1.51 |
| 52w Index | 96.3 % | Qtr Profit Var | 58.1 % | EPS | 3.67 ₹ | Industry PE | 28.8 |
📈 Chart Patterns: ADANIGREEN is in a strong uptrend, trading well above its 50 DMA (1,210 ₹) and 200 DMA (1,071 ₹), with price near its 52-week high (1,518 ₹). Momentum is stretched, signaling caution.
📊 Moving Averages: Current price (1,490 ₹) is comfortably above both DMAs, reflecting bullish bias.
📉 RSI: At 75.2, RSI indicates overbought conditions, suggesting risk of short-term correction.
📈 MACD: Positive at 78.2, confirming bullish crossover and strong momentum continuation.
📊 Bollinger Bands: Price is near the upper band, suggesting strong momentum but heightened volatility risk.
📉 Volume Trends: Current volume (72,87,573) is significantly above average weekly volume (44,60,748), confirming strong participation in the rally.
🎯 Entry Zone: 1,440 ₹ – 1,465 ₹ (near support)
🚪 Exit Zone: 1,510 ₹ – 1,525 ₹ (resistance near 52-week high)
📌 Trend Status: Strong uptrend but overbought
Positive
- Price trading well above both 50 & 200 DMA
- Quarterly PAT surged to 178 Cr from 82 Cr (+58.1%)
- Strong volume surge confirms accumulation
- DII holdings increased (+0.25%)
- 52-week index at 96.3% highlights strong performance
Limitation
- Extremely high P/E (304) vs industry PE (28.8)
- Weak ROE (6.98%) and ROCE (5.94%)
- PEG ratio at 4.23 indicates expensive growth pricing
- Dividend yield at 0.00% offers no income support
- RSI overbought, risk of pullback
Company Negative News
- FII holdings declined (-0.32%)
- Valuation concerns due to stretched multiples
Company Positive News
- Quarterly profit growth of 58.1%
- Strong trading volumes reflect investor interest
- Stock trading near 52-week high
Industry
- Industry PE at 28.8 highlights sector trading at lower valuations compared to ADANIGREEN
- Renewable energy sector showing strong demand growth
Conclusion
⚖️ ADANIGREEN is in a strong uptrend with bullish signals supported by MACD, RSI, and volume. Entry near 1,440–1,465 ₹ offers tactical opportunities, while resistance at 1,510–1,525 ₹ may cap short-term upside. Long-term investors should be cautious given overvaluation and weak efficiency metrics, while momentum traders can capitalize on near-term strength with strict stop-loss discipline.
I can extend this into a swing trade strategy with holding period guidance, or prepare a peer benchmarking overlay comparing ADANIGREEN’s valuation and momentum against Tata Power, NTPC, and JSW Energy.