
Technical analysis of Adani Enterprises Limited (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
Adani Enterprises Limited is an Indian listed company operating across multiple segments, including integrated resources management, mining services, a new energy ecosystem (encompassing green hydrogen manufacturing, solar cells, modules, and wind turbine generators), airports, roads, and copper. The company is also active in defense, data centers, agriculture, and water resource management, both in India and internationally. It belongs broadly to the energy sector, with a diversified presence across infrastructure and manufacturing.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for September 3, 2026, computed on the last 12 months of prices.
21 sessions
3,000.72
−2.09%
50 sessions
3,056.87
−3.89%
200 sessions
2,514.84
+16.83%
s2
2,866.93
Support
s1
2,883.97
Support
pivot
2,902.23
Pivot
r1
2,919.27
Resistance
r2
2,937.53
Resistance
In the September 3, 2026 session Adani Enterprises Limited closed higher at 2,938.00 , +1.28% versus the previous session.
The price sits mixed against its moving averages: −2.09% against the 21-session average, −3.89% against the 50 and +16.83% against the 200.
The 14-period RSI reads 43.7, in neutral territory.
MACD stands at -29.238 against a signal line at -14.749: the histogram is negative (−14.489).
ADX reads 22.7, indicating weak directionality.
Levels computed on the latest session place supports at 2,883.97 and 2,866.93 and resistances at 2,919.27 and 2,937.53 , around a pivot of 2,902.23.
The average daily range (ATR) is 78.590 , or 2.67% of price.
Turnover was 1.1M shares, 56% of the 20-session average.
Over the last twelve months the price ranged between 1,752.22 and 3,245.00 , and today stands −9.46% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
What technical indicators are commonly used to analyze a stock like Adani Enterprises?
For a diversified, large-cap stock like Adani Enterprises, analysts commonly apply trend indicators (such as moving averages and MACD) and momentum indicators (such as RSI and Stochastic) to assess the direction and strength of price movements. Chart-based support and resistance levels are typically used alongside these indicators.
On which timeframes should ADANIENT.NS be observed for technical analysis?
Technical analysis of a stock like ADANIENT.NS can be applied across multiple timeframes: weekly or monthly charts provide insight into long-term trends, daily charts are useful for medium-term pattern identification, and intraday charts (e.g., 1-hour) are used for shorter-term observations.
How is Elliott Wave theory applied to a stock like Adani Enterprises?
Elliott Wave theory segments a stock's price movement into impulse waves (5 waves in the direction of the trend) and corrective waves (3 waves against the trend), applicable to any equity instrument across different timeframes. On a stock with significant price swings, this methodology is used to identify cyclical market phases, though it does not guarantee specific outcomes.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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