Adani Green Energy Elliott Wave technical analysis [Video]

ADANI GREEN – Elliott Wave technical analysis

Function: Counter Trend.
Mode: Impulsive.
Structure: Navy Blue Wave 5.
Position: Gray Wave C.
Next direction (lower degrees): Navy Blue Wave 5 in progress.
Details: Navy blue wave 4 appears complete; navy blue wave 5 of C is underway.
Wave cancel/invalid level: 1592.

Market overview and wave count

The daily Elliott Wave analysis for ADANI GREEN highlights a counter-trend condition within a broader corrective structure. The stock is currently progressing through navy blue wave 5, part of gray wave C, which suggests the final leg of the current downward cycle is unfolding.

Wave 4 appears complete, and the development of wave 5 typically signals the final push lower before potential reversal. The current movement has impulsive features, reflecting strong selling momentum as the structure nears its end.

Wave structure implications and risk level

This fifth wave is expected to conclude the bearish phase, with traders advised to monitor closely for signs of trend exhaustion. Indicators such as divergence or slowing downside momentum may hint at pattern completion.

The critical invalidation level is set at 1592. If the price breaches this level, the current count becomes invalid, and a reevaluation of the trend structure is necessary.

Trading strategy and technical guidance

This setup provides a clear technical roadmap for identifying potential reversal areas as the wave count nears completion. Monitoring price behavior around the fifth wave could offer low-risk entry opportunities should the corrective phase end and a new trend begin.

ADANI GREEN – Elliott Wave technical analysis

Weekly chart overview

Adani Green’s weekly Elliott Wave analysis points to a counter-trend phase, currently defined by impulsive movement within a broader corrective structure. The market is progressing through gray wave C, part of the larger configuration under orange wave 4.

The completion of gray wave B marks a significant transition into this final corrective leg, with the impulsive nature of gray wave C suggesting notable downward momentum during this stage.

Outlook and technical implications

This gray wave C represents the concluding part of the current correction. Once completed, the chart projects the initiation of orange wave 5, which would signify a shift toward a new upward trend.

Until then, traders should observe price action for signs of weakness or reversal, which could indicate the end of wave C. Key signals may include divergence or reduced selling pressure.

Strategic takeaway

The impulsive characteristics of gray wave C hint at a possible acceleration before the correction ends. Market participants are advised to stay alert to technical signals that may confirm the completion of this pattern. This analysis offers a roadmap for understanding the broader wave cycle and preparing for potential future bullish developments.