Adani Green Energy – Bottom Formation & Reversal Setup (Daily Chart)

📊 Adani Green Energy – Bottom Formation & Reversal Setup (Daily Chart) After a prolonged corrective phase, the stock has shown signs of double bottom formation (“Bottom 2”) near ₹800 zone, followed by strong recovery with improving momentum. 🔎 Technical Observations: Strong demand seen around ₹780–₹820 zone Higher lows formation after bottom Price reclaiming short-term moving averages Bollinger Band expansion starting (volatility expansion phase) RSI moving above 55–60 → momentum building MACD positive crossover with bullish slope 🔑 Key Levels to Watch: Immediate Resistance: ₹1,000 Major Breakout Zone: ₹1,080–₹1,100 Immediate Support: ₹910 Strong Support: ₹800 🚀 Sustained breakout above ₹1,100 can open upside towards: ₹1,200 ₹1,400 ₹1,600 (positional swing target zone as marked) Structure suggests accumulation after correction. Confirmation above resistance is important for continuation move. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS