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Technicals for Adani Green Energy Limited
By MusingTheNews
2025-05-30 20:21
Overall Technical outlook
Price Summary
Adani Green Energy Limited's stock started the year at 1019.5, climbed to a high of 1028.0, fell to 1004.2, and closed -0.51% lower at 1014.35, with 1669459 shares traded on 2025-05-30. Over the past 52 weeks, the stock reached a maximum price of 2070.55 and a minimum price of 768.55. Analysts predict that the future price will fluctuate between 800.0 and 1522.0, with the mean expected price being approximately 1232.4286.
Technicals
Support and Resistance: The price for ADANIGREEN at 1014.35 is supported by the 996.5 level and faces resistance at 1070.25. This range indicates key levels where the price may find buyers near 996.5 and sellers near 1070.25, defining a trading range. Support/Resistance for ADANIGREEN
Aroon: The AROON is in a neutral stance for ADANIGREEN, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Aroon chart for Adani Green Energy Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Bolinger Bands chart for Adani Green Energy Limited
Parabolic SAR: The PSAR continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for ADANIGREEN. Parabolic Stop and Reverse chart for Adani Green Energy Limited
Stochastic: The K-line has fallen below the D-line on the stochastic indicator while staying above 80, suggesting that a bearish price move might be beginning. This pattern indicates that the market may be losing upward momentum, possibly leading to a reversal. Investors should remain cautious and look for additional bearish confirmation. Stochastic chart for Adani Green Energy Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages points to a bearish trend, signaling continued downward pressure. Yet, the slower SMAs are starting to lose steam, which may suggest a potential pivot. This weakening of the bearish trend could be an early sign that the market is preparing to shift towards a bullish direction, with a possible reversal on the horizon. Tripple SMA chart for Adani Green Energy Limited
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
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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