Adani Green Energy share result date; Should you buy, sell or hold the stock?

Adani Green Energy share result date; Should you buy, sell, or hold the stock?

Adani Green’s share price traded higher and gained 2.90 percent to close at ₹872.75 on BSE on Friday, October 27. The company will declare results on 30th October 2023.

Adani Green’s share price has performed poorly in the last year. The stock is down about 3 percent in the last year while the equity benchmark Sensex is up about 6 percent in the same year.

Adani Green’s share price hit its 52-week high of ₹2,259 on November 09, 2022, and its 52-week low of ₹439 on February 28, 2023. As of the last traded price, the stock is down about 61 percent from its 52-week high.

Technical chart analysis of Adani Green Energy

 

The weekly chart of Adani Green’s share shows weakness in the chart. The stock has weekly support at 790, below that it can show further weakness. Further, the stock has resistance at 1280, breakout of that can lead to positive momentum in it. Right now one can ignore Adani Green’s share because same is trading in a range.

Conclusion: Avoid this stock.