I bought one lot of Adani Green Energy 1040CE for ₹16.80. Will it rise again to ₹50? Shall I hold?
– Prathyuman Guhan
Adani Green Energy (₹1,030.70): The stock has been rising since the beginning of this month. On Friday, it posted a gain of 5.3 per cent. Before closing at ₹1,030.70, it made an intraday high of ₹1,071.
The chart shows that ₹1,060 is a notable resistance where the 50-day moving average coincides. So, although the recent trend has been up, we are likely to see a minor correction on the back of the barrier at ₹1,060. Therefore, the likelihood for the 1040-call option premium to rise to ₹50 is low.
A potential decline from the current level can drag the stock to ₹1,000 and then possibly to ₹950.
As there is a chance for the stock to moderate, and your position in 1040-call (currently at ₹28.25) is profitable at the moment, we suggest exiting the trade now.
You can consider buying a call option again when Adani Green Energy decisively breaks out of the hurdle at ₹1,060. In that case, the stock can see a swift rally to ₹1,200, which can be the reference for target for call option long.
I’m holding a 420 call option on Exide. My purchase price is ₹7. Will the stock rally? What can be the target for this trade?
– Keshav S
Exide Industries (₹414.50): The trend has been up since April. But there has been some correction in price recently. Nevertheless, it is now hovering around the support band of ₹412-415. The 21-day moving average, too, lies here, making this region a good base.
As the trend has been bullish and the stock is now near a support, the chances of a rally are high. A rebound on the back of the aforementioned price band can lift the stock to ₹435.
But note that a breach of the support at ₹412 can result in the extension of decline, potentially to ₹405 and ₹400.
Considering the aforesaid factors, you can hold 420-call option (currently at ₹5.30) for a target of ₹13. But place a stop-loss at ₹3.
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Published on September 20, 2025
