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What’s next for Adani Green after a meteoric rise 2100 or 1750?

According to the expert, booking a profit at the present level would be wise, especially considering the positive developments in the Adani investigation case.

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What’s next for Adani Green after a meteoric rise 2100 or 1750?

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  1. What’s next for Adani Green after a Meteoric rise? 2100 or 1750?

  2. The report revealed that compared to the previous year’s same period, consolidated profit increased to 256 crore rupees in the quarter ending December 31, 2023. Support for technical setup was visible at the counter, costing approximately Rs 1,750. The initial assistance will be close to Rs 2,000. Additionally, a clear closing above the mentioned mark is necessary for additional upside to Rs 2,100. According to the expert, booking a profit at the present level would be wise, especially considering the positive developments in the Adani investigation case.

  3. Technical analysis reveals Adani Green Stock Movement Indicators and Price Levels There will be resistance at Rs. 1,990 and support around Rs. 1,746. There may be more upside potential up to Rs 2,100 in response to a strong close above Rs 1,990.Jigar S. Patel, technical research analyst at Anand Rathi Shares and Stock Brokers, stated that the expected trading range for the next month would be between Rs. 1,700 and Rs. 2,150. The daily chart for Adani Green stock shows a positive trend but is also overbought.

  4. EVALUATION OF FUTURE TRAJECTORY Whether Adani Green Energy’s stock goes up to Rs 2,100 or down to Rs 1,750 is dependent on several important variables and possible triggers that affect the market sentiment and the company’s valuation: ● Adani Green Energy’s continued expansion depends on the policy climate and regulatory frameworks that encourage and facilitate using renewable energy sources. The stock’s performance and investor confidence are vulnerable to regulatory uncertainty of Adani investigation and changes in policy direction.

  5. THANK YOU FOR LISTENING

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