ADANIGREEN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.6

📊 Chart Patterns & Trend: ADANIGREEN is trading slightly below its 50 DMA (1,033 ₹) and 200 DMA (1,057 ₹), indicating short-term weakness. Price action shows consolidation near 1,000–1,050 ₹ after failing to sustain highs of 1,179 ₹, with strong support around 980 ₹.

📈 Moving Averages: Current price (1,022 ₹) is below both moving averages, signaling bearish undertone in the short term.

📉 RSI: At 44.7, RSI is neutral-to-weak, suggesting limited momentum and potential accumulation zone.

📊 MACD: Negative MACD (-7.43) confirms bearish momentum, highlighting caution for traders.

📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions. A bounce is possible if buying interest emerges.

📊 Volume Trends: Current volume (12.5L) is below 1-week average (14.8L), showing reduced participation and lack of conviction in recent moves.

🎯 Entry Zone: 980–1,020 ₹ (near support and oversold RSI).

🚪 Exit Zone: 1,080–1,120 ₹ (resistance near DMA levels).

⚠️ Stop Loss: 960 ₹ (below recent support).

📌 Overall Trend: Consolidating with bearish bias. A reversal requires sustained move above 1,080 ₹ with strong volume.

Positive

• Quarterly PAT surged significantly (69 Cr. → 475 Cr.).
• EPS of 7.13 ₹ indicates earnings recovery.
• DII holding increased slightly (+0.12%).
• PEG ratio of 1.24 suggests reasonable valuation relative to growth.
• Strong 52-week performance (+62.6%).

Limitation

• Stock trading below both 50 DMA and 200 DMA.
• High P/E of 139 vs industry average of 26.7.
• Dividend yield of 0.00% offers no income cushion.
• Debt-to-equity ratio of 1.18 is relatively high.
• Volume participation is weak, limiting breakout potential.

Company Negative News

• FII holding reduced by -0.29%.
• MACD negative, confirming short-term bearish momentum.

Company Positive News

• Quarterly profit growth of 309% shows strong operational improvement.
• DII holding increased slightly (+0.12%).

Industry

• Industry PE at 26.7, much lower than company’s valuation.
• Renewable energy sector remains promising but valuations are stretched.

Conclusion

⚖️ ADANIGREEN is consolidating near support levels with RSI suggesting potential rebound. Entry near 980–1,020 ₹ offers limited upside unless price breaks above 1,080–1,120 ₹ with strong volume. Fundamentally strong in terms of profit growth, but high valuations and weak technicals warrant cautious accumulation.