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THREETREND RESEARCH

2nd Apr · SEBI-Registered Analyst

ATGL
Adani Total Gas is currently in a clear downtrend, forming lower highs and lower lows, which reflects sustained selling pressure over time. The recent price action shows a weak bounce from the ₹500 zone, but the structure remains bearish unless the stock reclaims and sustains above the ₹780–800 zone, which is the recent swing high and a key resistance area. This level acts as a trend reversal trigger—only a strong breakout and hold above it can signal a potential shift in trend. Until then, rallies are likely to face selling pressure, and the overall bias remains sideways to bearish with ₹480–500 acting as immediate support.

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