RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ADANIGREEN.BO
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Adani Green Energy Limited stock price ended at ₹1,833.95 on Thursday, after gaining 0.532%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 19, 2024 Gain 0.67% PDF

The Adani Green Energy Limited stock price gained 0.532% on the last trading day (Thursday, 28th Mar 2024), rising from ₹1,824.25 to ₹1,833.95. During the last trading day the stock fluctuated 2.31% from a day low at ₹1,819.50 to a day high of ₹1,861.45. The price has risen in 6 of the last 10 days and is up by 6.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 76 thousand shares were bought and sold for approximately ₹138.52 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹1,778.82 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.42% during the next 3 months and, with a 90% probability hold a price between ₹2,106.43 and ₹2,467.56 at the end of this 3-month period.

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ADANIGREEN.BO Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Adani Green Energy Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹1,841.52 and ₹1,889.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -7.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Adani Green Energy Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹1,726.55 and ₹1,722.95. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Adani Green Energy Limited finds support just below today's level at ₹1,726.55. If this is broken, then the next support from accumulated volume will be at ₹1,722.95 and ₹1,698.75.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹41.95 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 3.22%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ADANIGREEN.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Adani Green Energy Limited to open at ₹1,838.30, and during the day (based on 14 day Average True Range), to move between ₹1,749.06 and ₹1,918.84, which gives a possible trading interval of +/-₹84.89 (+/-4.63%) up or down from last closing price. If Adani Green Energy Limited takes out the full calculated possible swing range there will be an estimated 9.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹1,867.15 (1.81%) than the support at ₹1,726.55 (5.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Adani Green Energy Limited stock A Buy?

The Adani Green Energy Limited stock holds several negative signals and despite the positive trend, we believe Adani Green Energy Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.372 Sell Candidate Unchanged

Predicted Opening Price for Adani Green Energy Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹1,838.30 ( 0.237%) ₹1,833.95

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ADANIGREEN.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,880.25 2.52 %
R2 1,864.23 1.65 %
R1 1,854.32 1.11 %
Current price: 1,833.95
Support S1 1,822.28 -0.637 %
S2 1,812.37 -1.18 %
S3 1,796.35 -2.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,900.55 3.63 %
R2 1,879.95 2.51 %
R1 1,867.15 1.81 %
Current price 1,833.95
Support S1 1,726.55 -5.86%
S2 1,722.95 -6.05%
S3 1,698.75 -7.37%

FAQ

What is the symbol for Adani Green Energy Limited Stock and on which exchange is it traded?
The symbol for Adani Green Energy Limited is ADANIGREEN.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Adani Green Energy Limited Stock?
The Adani Green Energy Limited stock holds several negative signals and despite the positive trend, we believe Adani Green Energy Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Adani Green Energy Limited Stock?
Adani Green Energy Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Adani Green Energy Limited Stock.

What's the current price of Adani Green Energy Limited Stock?
As of the end of day on the 2024-03-28, the price of an Adani Green Energy Limited (ADANIGREEN.BO) share was ₹1,833.95.

What is the 52-week high and low for Adani Green Energy Limited Stock?
The 52-week high for Adani Green Energy Limited Stock is ₹2,016.00 and the 52-week low is ₹814.35.

When is the next earnings date for Adani Green Energy Limited?
The upcoming earnings date for Adani Green Energy Limited is Apr 27, 2024.
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