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Stock analysis Adani Green Energy Ltd ADANIGREEN

More indepth analysis on MunafaSutra.com

Moving Averages for Adani Green Energy Ltd

  • 5Day Average: 1806.42
  • 12Day Average: 1808.21
  • 20Day Average: 1844.7
  • 50Day Average: 1877.54
  • 100Day Average: 1757.99
  • 150Day Average: 1489.71
  • 200Day Average: 1366.53

ADANIGREEN Indicators & signals

Indicator MACD (12,26,9)

1816.58, 1835.16, -14.56
Indicator MACD is in negative zone

Indicator ADX (14)

9.43, 17.77, 21.47
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ADANIGREEN Adani Green Energy Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 1797.65 1791.00 to 1838.80 -0.51% 0.96 times
29 Mon Apr 2024 1806.85 1795.75 to 1822.00 0.01% 0.58 times
26 Fri Apr 2024 1806.65 1797.05 to 1823.30 -0.33% 0.57 times
25 Thu Apr 2024 1812.65 1792.35 to 1819.65 0.24% 0.8 times
24 Wed Apr 2024 1808.30 1795.00 to 1838.50 -0.45% 0.58 times
23 Tue Apr 2024 1816.40 1799.70 to 1840.00 1.26% 1.24 times
22 Mon Apr 2024 1793.75 1780.00 to 1814.60 1.34% 0.68 times
19 Fri Apr 2024 1770.05 1733.00 to 1785.00 -0.3% 1.31 times
18 Thu Apr 2024 1775.45 1761.20 to 1849.90 -2% 1.33 times
16 Tue Apr 2024 1811.65 1802.20 to 1838.10 -0.19% 0.98 times
15 Mon Apr 2024 1815.10 1800.00 to 1850.00 -3.66% 1.93 times
12 Fri Apr 2024 1884.05 1880.00 to 1925.00 -1.23% 0.78 times

Technical analysis forecast for Adani Green Energy Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Adani Green Energy Ltd ADANIGREEN at this time. Stock is falling and might fall more.

It appears as if Adani Green Energy Ltd ADANIGREEN gave a large move recently.

Stock of Adani Green Energy Ltd (ADANIGREEN) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Adani Green Energy Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1779.6 as stoploss in an intra day buy trade for a target of 1829.63. However, stock will show a bearish move below 1779.6.

More indepth analysis on MunafaSutra.com