Adani Green Secures $1.06 Billion for Renewable Expansion in Rajasthan

has successfully raised $1.06 billion to refinance a construction facility for its solar-wind hybrid renewable cluster in Rajasthan. The long-term financing has a 19-year tenor with a fully amortized debt structure, aligning with the asset's lifespan. Adani Green Energy currently operates India’s largest renewable portfolio with 12.2 GW across 12 states and has set an ambitious target of 50 GW by 2030. Technically, Adani Green Energy is currently in a clear downtrend, as observed in both the daily (1D) and hourly (1H) timeframes. The stock is trading below key moving averages—70 MA and 100 MA—indicating continued bearish momentum. The price recently tested the support zone near ₹733 and showed some buying interest, leading to a slight recovery towards ₹808. However, resistance remains strong at ₹887 in the short term, with higher levels of ₹1022, ₹1128, and ₹1373 acting as major hurdles. The downward slope of the moving averages suggests that rallies may face selling pressure, making any upside move unsustainable unless there is a breakout above ₹887 with strong volume confirmation. A failure to hold ₹733 could lead to further downside, reinforcing the bearish trend. I have attached the daily chart for your reference. Please direct message me, as I won’t be able to respond to each comment individually. Follow me for more such updates, Thank You!