Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Adani Power is good for more, it is a dream chart. It made a large base, small consolidations and then it is broken out. When a stock breaks out of a very narrow consolidation that lasted for months then there is a lot of steam that is generated."
"I would be a buyer in Adani Power. Every dip in intraday should be used to accumulate," Sukhani said.
The share touched its 52-week high Rs 70 and 52-week low Rs 36.80 on 20 December, 2012 and 30 August, 2012, respectively. Currently, it is trading 20.29 percent below its 52-week high and 51.63 percent above its 52-week low. Market capitalisation stands at Rs 13,354.46 crore.
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