ADANIGREEN - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.9

📊 Technical Overview of Adani Green Energy Ltd. (ADANIGREEN)

📈 Trend Analysis

Current Price: ₹1,016

50 DMA: ₹1,000

200 DMA: ₹1,113

Trend Status: The stock is attempting to reverse upward, having reclaimed the 50 DMA. However, it remains below the 200 DMA, suggesting a partial recovery within a broader downtrend.

📉 Momentum Indicators

RSI (51.5): Neutral to slightly bullish. Indicates momentum is stabilizing, with potential for upside if it crosses 55–60.

MACD (3.88): Positive and rising, signaling early bullish momentum.

Volume: At 39.4L, well above 1-week average of 29.4L. Strong volume supports the reversal attempt.

📊 Bollinger Bands

Price likely near the middle to upper band, consistent with MACD and RSI strength.

A breakout above the upper band with volume could confirm trend reversal.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 1,000 Support (recent reclaim)

200 DMA 1,113 Resistance

Current Price 1,016 Between DMAs

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 980–1,000 50 DMA zone

Support 2 920–940 Previous swing low

Resistance 1 1,080–1,115 200 DMA and trendline resistance

Resistance 2 1,200–1,250 Psychological and breakout zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹980–₹1,000 (on pullback or MACD confirmation)

Exit Zone (Short-Term): ₹1,080–₹1,115 (initial resistance), ₹1,200–₹1,250 (if breakout confirms)

Stop Loss: ₹940 (below swing low)

📌 Summary

Trend: Reversing upward

Momentum: Strengthening with bullish signals

Volume: Strong, supports reversal

Setup: Favorable for short-term upside; watch for breakout above 200 DMA

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