ADANIENSOL

- Correction Continues

Adani Energy Solutions continues to remain under corrective pressure, with the 20-period moving average crossing below the 50-period moving average, indicating a fresh bearish crossover and weakening short-term momentum. The stock is trading below both moving averages, keeping the trend tilted to the downside. Immediate support is placed around 1,620, followed by 1,600. On the upside, 1,632 (20-MA) and 1,637 (50-MA) are the immediate resistance levels, and a sustained move above these zones would be required to improve the current structure.