Adani Green Energy – “Range Breakout on Horizon ⚡ Renewable Momentum Building Up”

Technical Analysis: Adani Green Energy has been consolidating in a broad rectangular range between ₹850–₹1,150 for nearly 9 months. The stock is now testing the upper boundary with strong volume confirmation — signaling an impending range breakout. Elliott Wave Structure: The stock appears to have completed a complex corrective wave (4), setting up for wave (5) expansion if the breakout sustains above ₹1,160. MACD Divergence: The MACD is turning upward from the zero line — a classic early momentum trigger before price breakout confirmation. AVWAP Support: The anchored VWAP from the December 2024 high currently lies near ₹1,000, acting as a solid dynamic support, indicating institutional accumulation near the lower end of the range. Fundamental Snapshot: Adani Green is one of India’s largest renewable power producers with over 20 GW operational capacity and ambitious expansion toward 45 GW by 2030. With steady revenue growth, declining debt ratio, and India’s policy focus on green energy, the company remains a long-term structural winner in the sustainability space. Summary: A decisive close above ₹1,160 could open the next leg toward ₹1,350–₹1,400 in the medium term. Setup Summary: 9-month Range Breakout + Wave 5 Potential + Institutional AVWAP Support = Strong Positional Opportunity.