Price Momentum and Market Performance
Trading at ₹1,037.50 as of the latest session, Adani Energy Solutions Ltd has surged 3.34% on the day, closing well above its previous close of ₹1,004.00. The stock’s intraday range spanned from ₹995.00 to ₹1,045.00, nearing its 52-week high of ₹1,067.30, a level that underscores the stock’s resilience and upward trajectory over the past year. The 52-week low stands at ₹639.35, highlighting the substantial recovery and growth the stock has experienced.
When compared to the broader market, the stock’s returns have been impressive. Over the past month, Adani Energy Solutions Ltd has delivered a remarkable 27.42% return, vastly outperforming the Sensex’s modest 0.84% gain. Year-to-date, the stock is up 0.80%, while the Sensex has declined by 3.51%. Over a one-year horizon, the stock’s return of 55.01% dwarfs the Sensex’s 10.44% increase, reflecting strong sectoral tailwinds and company-specific catalysts. Even over longer periods, the stock has outpaced the market significantly, with a ten-year return of 3,465.29% compared to the Sensex’s 256.13%, underscoring its exceptional growth story.
Technical Indicator Analysis
The technical landscape for Adani Energy Solutions Ltd has shifted favourably, with several indicators signalling bullish momentum. The overall technical trend has upgraded from mildly bullish to bullish, reflecting increased investor confidence and positive price action.
The Moving Average Convergence Divergence (MACD) presents a nuanced picture: the weekly MACD remains mildly bearish, suggesting some short-term consolidation or caution, while the monthly MACD has turned mildly bullish, indicating strengthening momentum over a longer timeframe. This divergence suggests that while short-term traders may experience some volatility, the medium-term outlook remains constructive.
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no definitive signal, hovering in neutral territory. This implies that the stock is neither overbought nor oversold, providing room for further upward movement without immediate risk of a sharp correction.
Bollinger Bands reinforce the bullish case, with both weekly and monthly bands indicating upward momentum. The stock price is trading near the upper band, signalling strong buying interest and potential continuation of the rally.
Daily moving averages are firmly bullish, with the stock price consistently above key averages, confirming the positive trend. The Know Sure Thing (KST) indicator shows a mild bearish signal on the weekly chart but a mildly bullish stance on the monthly chart, mirroring the MACD’s mixed timeframe signals.
Dow Theory assessments align with this view, showing a mildly bullish trend on the weekly scale but no clear trend on the monthly scale, suggesting that while short-term momentum is positive, longer-term confirmation is still evolving.
On-Balance Volume (OBV) analysis reveals no clear trend on the weekly chart but a bullish trend on the monthly chart, indicating that accumulation is occurring over the longer term, which supports sustained price appreciation.
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Mojo Score and Rating Upgrade
Reflecting these technical improvements, MarketsMOJO has upgraded Adani Energy Solutions Ltd’s Mojo Grade from Sell to Hold as of 27 January 2026. The current Mojo Score stands at 58.0, signalling a moderate buy sentiment supported by a balanced assessment of fundamentals and technicals. The Market Cap Grade remains at 1, indicating a large-cap status but with room for growth in market capitalisation metrics.
This upgrade is significant as it marks a shift in analyst sentiment, recognising the stock’s improved price momentum and technical strength. Investors should note that while the rating is Hold, the positive trend and technical signals suggest potential for further upgrades should momentum sustain.
Sector and Industry Context
Operating within the power sector, Adani Energy Solutions Ltd benefits from favourable industry dynamics, including increased demand for renewable energy solutions and government initiatives supporting power infrastructure development. The company’s technical momentum aligns with sectoral tailwinds, which have buoyed many power stocks in recent months.
Comparatively, the power sector has shown resilience amid broader market volatility, and Adani Energy Solutions Ltd’s technical indicators suggest it is well-positioned to capitalise on this environment. The stock’s outperformance relative to the Sensex over multiple timeframes further emphasises its leadership within the sector.
Key Technical Levels and Outlook
From a price perspective, the stock’s proximity to its 52-week high of ₹1,067.30 is a critical resistance level to monitor. A sustained breakout above this level could trigger further buying interest and validate the bullish technical trend. Support levels near the previous close of ₹1,004.00 and the daily low of ₹995.00 provide a cushion against downside risk in the short term.
Investors should also watch the daily moving averages closely, as these will serve as dynamic support zones. The absence of overbought signals from the RSI suggests that the stock has room to run before encountering significant technical resistance.
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Investor Takeaway
Adani Energy Solutions Ltd’s recent technical upgrades and price momentum shift present a cautiously optimistic outlook for investors. The stock’s strong relative performance against the Sensex, combined with bullish signals from moving averages and Bollinger Bands, suggest that the stock is in a favourable phase of its price cycle.
However, mixed signals from weekly MACD and KST indicators advise prudence, indicating potential short-term volatility. The neutral RSI readings further support a balanced view, implying that while upside potential exists, investors should remain vigilant for any signs of reversal.
Overall, the upgrade to a Hold rating by MarketsMOJO, alongside a Mojo Score of 58.0, reflects a stock that is gaining technical strength but still requires confirmation through sustained price action and volume support. Investors with a medium to long-term horizon may find this an opportune moment to monitor the stock closely, especially if it breaches key resistance levels.
Given the company’s position within the power sector and its impressive long-term returns, Adani Energy Solutions Ltd remains a noteworthy contender for portfolios seeking exposure to energy infrastructure and renewable power themes.
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