ADANIENSOL

stock price analysis and expected further movements

After a sustained downtrend, the stock price of

witnessed a notable technical shift starting mid-June 2025. On 17th June, the stock closed below its 200-day moving average, indicating bearish sentiment and a continuation of the ongoing correction. However, a significant support level was tested on 19th June, when the price took support from the 100-day moving average. This level acted as a cushion, preventing further downside and signaling potential stability. The reversal in trend became evident on 23rd June, as the stock registered a 1.1% gain and managed to close back above the 100-day moving average, suggesting renewed buying interest. Momentum picked up further on 26th June, when the stock crossed and closed above the 200-day moving average — a key resistance level, now turned support. This is a bullish development, often viewed as a sign of trend reversal in technical analysis. On 27th June, the stock continued its upward movement, gaining 2.19%, confirming the strength of the breakout. The next immediate resistance level is seen near ₹915, which could be the next price target if the momentum sustains. Additionally, a bullish crossover between the 5-day and 20-day moving averages appears imminent or may have already occurred. This crossover is typically viewed as a short- to medium-term bullish signal, reinforcing the potential for continued upward movement. Going forward, the 200-day moving average will serve as a strong support level. As long as the stock price holds above this level, the bias remains positive. Further rise in stock price may be seen and it may move towards the level of 915