Overall Technical outlook

Price Summary

The stock of Adani Green Energy Limited experienced a -3.26% tumble, showcasing a poor market performance.
Adani Green Energy Limited's stock opened at 1050.0 on 2025-06-12, surged to 1050.0, hit a low of 1012.0, and closed up -3.26% at 1015.8, with 2183021 shares traded.
The stock's highest price over the 52-week span is 2070.55, while the lowest price is 768.55.
7 analysts forecast that the price of ADANIGREEN will range from 800.0 to 1522.0, with an average expected price near 1232.4286.

Technicals

Support and Resistance: The price for ADANIGREEN is 1015.8, with support at 996.5 and resistance at 1070.25. This suggests a range where 996.5 acts as a base, preventing declines, and 1070.25 caps gains, defining key trading levels.
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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.
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Aroon chart for Adani Green Energy Limited


Bol. Bands: The price dropping below the upper Bollinger Band suggests a possible bearish shift. This signal might indicate that the asset's recent bullish trend is weakening, and a decline could follow. Traders often see this as a sign of an overbought condition, where a correction is likely, making it an essential point for decision-making in trading positions.
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Bolinger Bands chart for Adani Green Energy Limited


Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net.
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Parabolic Stop and Reverse chart for Adani Green Energy Limited


Stochastic: The current reading of the STOCHASTIC 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.
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Stochastic chart for Adani Green Energy Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend, but the slopes of the 20 and 50 SMAs are starting to waver. This weakening of the bearish momentum could indicate that the market is approaching a turning point, with the possibility of a bullish reversal on the horizon. Investors should be alert for signs of a trend change as the current downtrend may be losing steam.
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Tripple SMA chart for Adani Green Energy Limited


Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.