Key Events This Week
5 Jan: Week opens at Rs.1,030.55 amid mild market weakness
8 Jan: Intraday low hit at Rs.985.05 amid heavy price pressure
9 Jan: Intraday low of Rs.955.40 and technical momentum turns bearish
9 Jan: Week closes at Rs.946.70, down 8.87%
5 January 2026: Week Begins with Mild Decline Amid Market Weakness
Adani Green Energy Ltd opened the week at Rs.1,030.55 on 5 January 2026, registering a decline of 0.79% from the previous close. This drop occurred alongside a modest Sensex fall of 0.18%, reflecting a cautious market mood. The stock’s volume was relatively robust at 138,855 shares, indicating active trading despite the downward pressure. The initial decline set the tone for the week, with the stock beginning to trade below key moving averages, signalling early technical weakness.
6 January 2026: Continued Downtrend with Increased Selling Pressure
The downward momentum intensified on 6 January as the stock price fell further by 1.15% to Rs.1,018.65, underperforming the Sensex which declined 0.19%. Volume dipped slightly to 123,175 shares, but the price action confirmed the emerging bearish trend. The stock’s position below all major moving averages became more pronounced, reinforcing the technical signals of weakness. This day’s decline was a precursor to the sharper falls that followed later in the week.
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7 January 2026: Brief Pause in Decline Amid Low Volume
On 7 January, the stock price stabilised marginally, closing at Rs.1,019.05, a slight gain of 0.04%. This minor uptick contrasted with the Sensex’s modest 0.03% rise. However, the trading volume dropped sharply to 39,253 shares, suggesting limited buying interest and a lack of conviction behind the price recovery. The stock remained below all key moving averages, and the technical outlook continued to signal caution despite the intraday pause.
8 January 2026: Intraday Low and Sharp Decline Amid Sector Weakness
Adani Green Energy Ltd faced significant selling pressure on 8 January, with the stock falling 2.97% to close at Rs.988.80. During the session, it touched an intraday low of Rs.985.05, marking a 3.34% drop from the previous close. This decline outpaced the Power Generation and Distribution sector’s 2.09% fall and the Sensex’s 1.41% drop, highlighting company-specific pressures. The stock’s technical position deteriorated further, trading below all major moving averages and reflecting a sustained bearish trend. The Mojo Score remained low at 27.0, with a Strong Sell grade assigned, indicating heightened caution.
9 January 2026: Continued Downtrend and Technical Momentum Turns Bearish
The downward trajectory extended into 9 January, with the stock closing at Rs.946.70, down 4.26% on the day. The intraday low of Rs.955.40 underscored persistent selling interest. This two-day decline amounted to a cumulative 6.04% loss, significantly underperforming the Sensex’s 0.89% fall. Technical indicators confirmed a shift to mildly bearish momentum, with mixed signals from MACD, RSI, Bollinger Bands, and moving averages. The Mojo Grade was downgraded to Strong Sell, reflecting deteriorating fundamentals and technical outlook. The stock’s market capitalisation grade remained at 1, signalling limited strength relative to peers.
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Daily Price Comparison: Adani Green Energy Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.1,030.55 | -0.79% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.1,018.65 | -1.15% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.1,019.05 | +0.04% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.988.80 | -2.97% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.946.70 | -4.26% | 36,807.62 | -0.89% |
Key Takeaways from the Week
Underperformance amid broader market weakness: Adani Green Energy Ltd’s 8.87% weekly decline was more than three times the Sensex’s 2.62% fall, signalling company-specific challenges beyond general market trends.
Technical deterioration and bearish momentum: The stock consistently traded below all major moving averages throughout the week, with technical indicators such as MACD and Bollinger Bands signalling a shift to a mildly bearish trend. The Mojo Grade downgrade to Strong Sell reinforces this negative outlook.
Sectoral pressures and volume patterns: The Power Generation and Distribution sector’s weakness contributed to the stock’s decline, while fluctuating volumes indicated intermittent selling pressure and lack of sustained buying interest.
Intraday lows highlight selling intensity: The intraday lows of Rs.985.05 on 8 January and Rs.955.40 on 9 January reflect persistent downward pressure and investor caution.
Conclusion: A Week Marked by Significant Price Pressure and Technical Weakness
Adani Green Energy Ltd’s performance during the week of 5 to 9 January 2026 was characterised by a sharp decline of 8.87%, driven by persistent selling pressure, technical deterioration, and sectoral headwinds. The stock’s underperformance relative to the Sensex and its sector peers, combined with a Strong Sell Mojo Grade and bearish technical indicators, suggests a challenging near-term outlook. Investors should note the sustained downward momentum and cautious market sentiment reflected in the price action and volume trends. While some daily moving averages hint at limited short-term support, the broader technical landscape advises prudence. Monitoring key support levels and technical signals will be essential for assessing any potential reversal or stabilisation in the coming weeks.
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