Summary
Adani Green has broken out above the critical ₹1,020 resistance level with convincing volume and positive price action. The structure suggests a short-term reversal from the prolonged downtrend. Historically, once breakouts are confirmed, the stock has shown rapid upward moves — for instance, a 48.7 percent surge in November 2024 following a similar setup.
The current breakout targets the ₹1,360 zone, which represents a 32 percent move from the breakout level and corresponds to a prior key supply zone.
Target and Time Frame
Target Price: ₹1,360
Estimated Time Frame: 4 to 8 weeks
(based on previous breakout velocity, momentum strength, and short squeeze potential)
Risks
Disclaimer
This analysis is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Please do your own research and consult a qualified financial advisor before making investment decisions.
Adani Green has broken out above the critical ₹1,020 resistance level with convincing volume and positive price action. The structure suggests a short-term reversal from the prolonged downtrend. Historically, once breakouts are confirmed, the stock has shown rapid upward moves — for instance, a 48.7 percent surge in November 2024 following a similar setup.
The current breakout targets the ₹1,360 zone, which represents a 32 percent move from the breakout level and corresponds to a prior key supply zone.
Target and Time Frame
Target Price: ₹1,360
Estimated Time Frame: 4 to 8 weeks
(based on previous breakout velocity, momentum strength, and short squeeze potential)
Risks
- Valuation remains extremely stretched with a P/E near 100. The market is pricing in multi-year forward growth
- High leverage is a structural concern. Debt-to-equity is 6.6x, and a missed execution milestone or policy change—especially the end of the ISTS waiver in June 2025—could lead to volatility
- RSI nearing overbought zone. Minor pullbacks or consolidations may occur before continuation
Disclaimer
This analysis is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Please do your own research and consult a qualified financial advisor before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.