ADANIGREEN - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.0

Technical Analysis Report

• Trend Status: Trending upward
• Moving Averages: Price (₹1,108) is above both 50 DMA (₹1,032) and 200 DMA (₹1,065), indicating bullish momentum
• RSI (67.2): Approaching overbought zone, caution advised
• MACD (19.6): Positive crossover, confirming bullish trend
• Bollinger Bands: Price near upper band, suggesting potential short-term resistance
• Volume: Below average (63.2L vs 155.1L), indicating reduced participation
• Support Zones: ₹1,065, ₹1,032
• Resistance Zones: ₹1,145, ₹1,180
• Entry Zone: ₹1,065–₹1,085 (near support)
• Exit Zone: ₹1,145–₹1,180 (near resistance)

Positive

• Price above both key moving averages confirms bullish trend
• MACD and RSI support continued upward momentum
• DII holding increased by 0.12%, showing domestic institutional confidence
• Quarterly PAT surged from ₹69 Cr to ₹475 Cr (+309%)

Limitation

• High P/E ratio (148) vs industry average (31.2) suggests overvaluation
• RSI nearing overbought zone may lead to short-term pullback
• Volume significantly below average, indicating weak conviction

Company Negative News

• FII holding declined by 0.29%, reflecting cautious foreign sentiment
• Debt-to-equity ratio of 1.18 indicates moderate leverage

Company Positive News

• EPS of ₹7.18 supports earnings visibility
• Stock has gained 35.9% from its 52-week low

Industry

• Renewable energy sector is gaining traction amid global sustainability push
• Industry P/E of 31.2 reflects moderate valuation compared to ADANIGREEN’s premium pricing

Conclusion

• ADANIGREEN is in a bullish trend with strong technical indicators
• Entry near ₹1,065–₹1,085 offers a favorable setup
• Exit near ₹1,145–₹1,180 is ideal for short-term gains
• Investors should monitor RSI and volume for signs of trend exhaustion