⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
ADANIGREEN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | ADANIGREEN | Market Cap | 1,39,013 Cr. | Current Price | 844 ₹ | High / Low | 1,179 ₹ |
| Stock P/E | 188 | Book Value | 89.8 ₹ | Dividend Yield | 0.00 % | ROCE | 8.87 % |
| ROE | 9.41 % | Face Value | 10.0 ₹ | DMA 50 | 956 ₹ | DMA 200 | 1,028 ₹ |
| Chg in FII Hold | 0.13 % | Chg in DII Hold | 1.33 % | PAT Qtr | 82.0 Cr. | PAT Prev Qtr | 475 Cr. |
| RSI | 32.2 | MACD | -49.9 | Volume | 39,14,290 | Avg Vol 1Wk | 69,88,886 |
| Low price | 758 ₹ | High price | 1,179 ₹ | PEG Ratio | 1.69 | Debt to equity | 1.18 |
| 52w Index | 20.4 % | Qtr Profit Var | -85.3 % | EPS | 4.11 ₹ | Industry PE | 25.6 |
📈 Technical Chart Analysis
- Moving Averages: Current price (844 ₹) is below both 50 DMA (956 ₹) and 200 DMA (1,028 ₹), confirming bearish momentum.
- RSI: At 32.2, the stock is oversold, suggesting potential rebound opportunities.
- MACD: Negative (-49.9), showing bearish crossover and weak momentum.
- Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible short-term bounce.
- Volume Trends: Current volume (39,14,290) is lower than 1-week average (69,88,886), showing reduced participation and weak conviction.
📊 Momentum & Trend Signals
- Short-term Momentum: Bearish bias due to negative MACD and weak volume.
- Support Zone: 758–780 ₹ (recent low and strong base).
- Resistance Zone: 950–1,000 ₹ (near 50 DMA and psychological round level).
- Optimal Entry: Around 800–830 ₹ if RSI remains oversold and support holds.
- Optimal Exit: 950–1,000 ₹ if price rebounds to moving averages.
- Trend Status: Currently consolidating with bearish undertone; reversal possible if RSI triggers bounce and volume improves.
✅ Positive
- DII holding increased significantly (+1.33%), showing strong domestic institutional confidence.
- FII holding also increased (+0.13%), reflecting foreign investor interest.
- Strong 52-week performance (+20.4%) shows resilience despite recent correction.
⚠️ Limitation
- Extremely high P/E (188) compared to industry average (25.6), suggesting overvaluation.
- Weak ROCE (8.87%) and ROE (9.41%) highlight poor capital efficiency.
- Debt-to-equity ratio of 1.18 is high, adding financial risk.
- Dividend yield is 0%, offering no passive income to investors.
📉 Company Negative News
- Quarterly profit variation (-85.3%) indicates sharp earnings decline.
- PAT dropped from 475 Cr. to 82 Cr., showing significant volatility.
📈 Company Positive News
- Institutional investors (both FII and DII) increased holdings, signaling confidence.
- EPS at 4.11 ₹ remains stable despite earnings volatility.
🏭 Industry
- Renewable energy sector is growing rapidly, supported by government initiatives.
- Industry P/E at 25.6 suggests sector is moderately valued; Adani Green trades at a steep premium.
🔎 Conclusion
- Adani Green shows strong investor interest but weak fundamentals and high valuation risks.
- Technically, the stock is consolidating near support with oversold RSI, suggesting possible short-term rebound.
- Entry near 800–830 ₹ is favorable for short-term traders, with exit near 950–1,000 ₹.
- Short-term outlook: cautious trading; long-term outlook requires improvement in ROCE/ROE and earnings stability.