Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I like Adani Power. It was in a trading range, building a base and then a sustained breakout from that. I am not worried about the fundamental as to why it is going up or whether it is justified or not. It is a futile exercise."
He further added, "After a big gain Adani Power corrected mildly and on Friday it closed cheerfully. That suggests that a shallow correction is over and if it is then it is going up, not necessarily with the same big gains, but certainly enough for day traders to take a long position. It is a buy on dips opportunity for a strong stock."
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