The Adani Enterprises share price remains a focal point for investors as the market reacts to recent trends and performance metrics. On the last trading day (19 Nov, 2024), the stock closed at ₹2820.2, with an intraday high of ₹2894.0 and a low of ₹2811.0. This marks a slight decline of 0.15%, drawing attention to its performance amid broader market activity.
Weekly and Annual Performance Trends
The Adani Enterprises share price reached a 52-week high of ₹3743.0 and a 52-week low of ₹2142.3, illustrating the stock’s volatility and potential for significant gains or losses. Its market capitalization stands at a robust ₹3,25,502.05 crore as of 19 Nov, 2024.
Technical Indicators: Moving Averages and Pivots
The Adani Enterprises share price is closely monitored via moving averages. The 5-day SMA is ₹2954.78, exceeding the 5-day EMA of ₹2838.95, indicating near-term bullish momentum. The 50-day SMA is ₹3005.55, and the 200-day SMA is ₹3102.80, reflecting the stock’s longer-term support and resistance levels.
Key pivot points for the Adani Enterprises share price today include:
Resistance Levels: ₹2872.47 (R1), ₹2924.73 (R2), ₹2955.47 (R3)
Support Levels: ₹2789.47 (S1), ₹2758.73 (S2), ₹2706.47 (S3)
Technical Indicators: Moving Averages and Pivots
Trading Volume Insights
On 19 Nov, 35,926 shares of Adani Enterprises were traded on the BSE, while 5,36,296 shares exchanged hands on the NSE. The Adani Enterprises share price continues to be influenced by both institutional and retail trading volumes.
Market Outlook
The current fluctuations in the Adani Enterprises share price present mixed opportunities for traders and long-term investors. While the stock shows resilience with strong technical supports, its proximity to key resistance levels calls for cautious optimism.
In summary, the Adani Enterprises share price reflects dynamic market conditions, with traders focusing on intraday trends and long-term investors watching pivot levels and historical highs.