Adani Green Energy: will the rally continue?

24 Mar 2021

Adani Green Energy has been on a huge rise ever since the stock market bottomed out last year. It has recently given a range breakout. However, the candles that are forming right now are not very good. Therefore, one must ask whether the rally will sustain or not. Right now it is in no trade zone. If the stock sustains above its zone (clearly marked in chart) then well and good and the stock can go further high; if it doesn't, then over-valuation will definitely lead to a correction in this one. Keep it on your radar.