ADANI GREEN ENERGY – TECHNICAL + FUNDAMENTAL SUMMARY

1. Technical Structure Price hovering inside a wide demand cluster (960–1,000). Failure to sustain above 1,150 created downward pressure. Indicators mostly bearish except RSI showing recovery. 2. Price Behaviour Repeated demand zone tests → strong bargain buying. Weak upside follow-through; still in rangebound consolidation. Market waiting for a strong catalyst or volume expansion. 3. Key Levels Support: 960–1,000 (major), 900 (extended demand) Resistance: 1,080 / 1,153 (major breakout) 4. Fundamentals (Short) India’s renewable energy expansion supports long-term growth. High capex + debt-heavy balance sheet keeps near-term volatility high. Projects pipeline solid but profitability fluctuates. 5. Verdict ⭐ NEUTRAL Bullish only above 1,080–1,153 zone; until then consolidation continues.