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Technicals for Adani Green Energy Limited
By MusingTheNews
2026-02-02 20:21
Overall Technical outlook
Price Summary
A 3.65% jump in Adani Green Energy Limited's stock marked an stellar day on the market. Adani Green Energy Limited's stock started the year at 814.2, climbed to a high of 847.9, fell to 807.0, and closed 3.65% up at 843.95, with 3922374 shares traded on 2026-02-02. The highest price the stock achieved in the past 52 weeks is 1152.15, while the lowest price it saw is 768.55. 8 analysts estimate that the future price of ADANIGREEN will fall between 864.0 and 1522.0, with an average price expectation of approximately 1225.5.
Technicals
Aroon: The current state of the AROON is neutral for ADANIGREEN, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Aroon chart for Adani Green Energy Limited
Bol. Bands: The current reading of the BOLL BANDS indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Bolinger Bands chart for Adani Green Energy Limited
Parabolic SAR: The PSAR remains bullish in its outlook, reinforcing a key support level that could help sustain the market's upward movement for ADANIGREEN. This support suggests that the bullish momentum is likely to persist, offering a foundation for further growth. Parabolic Stop and Reverse chart for Adani Green Energy Limited
Stochastic: The current state of the STOCHASTIC is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Stochastic chart for Adani Green Energy Limited
Tripple Moving Agerage: The 20-50-100 period moving averages are aligned for a bullish trend, but the slopes of the faster averages suggest that this strength may be fading for ADANIGREEN. The weakening momentum in these shorter-term averages hints that a reversal could be approaching, signaling that the current trend might not hold much longer. Tripple SMA chart for Adani Green Energy Limited
Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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