Adani Green Nears Breakout: Can Bulls Cross ₹1,432?

Adani Green Energy is showing signs of a strong technical recovery after an extended consolidation phase. The stock is witnessing renewed buying interest, with momentum indicators turning increasingly positive. Technical View The stock is currently trading around ₹1,423 and approaching an important resistance zone of ₹1,432. A sustained breakout above this level could trigger fresh bullish momentum. The price is trading above its key short-term moving averages, indicating improving trend strength. The RSI is around 65, suggesting positive momentum without entering the extreme overbought zone. The MACD is displaying a bullish crossover with positive and expanding histogram bars, indicating strengthening buying momentum. ADX near 35 also suggests that the prevailing trend is gaining strength. Fundamental Triggers The latest Q2 FY27 performance provides additional support to the bullish outlook: Revenue from power supply increased 45% YoY to ₹4,019 crore. EBITDA from power supply surged 51% YoY to ₹3,835 crore. H1 FY27 energy sales grew 32% to 25.8 billion units. Operational capacity reached 20.8 GW. However, investors should also monitor the company's elevated leverage, with net debt to run-rate EBITDA at 5.6x. Important Technical Levels Resistance: ₹1,432–1,447 Immediate Support: ₹1,400 Next Support: ₹1,373 My View Adani Green is approaching a crucial breakout zone. A sustained daily closing above ₹1,432, preferably supported by strong volumes, could open the door for further upside towards ₹1,447 and higher levels. Failure to cross this resistance may lead to short-term profit booking or consolidation. Traders should avoid chasing the stock before breakout confirmation. Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice. ADANIGREEN