Buy Adani Power, says Manav Chopra

Manav Chopra of Nirmal Bang told CNBC-TV18, "Adani Power is looking very good when we look on a larger term perspective but for the short-term the stock has breached its falling trend line drawn from its recent highs which has confirmed a short-term trend reversal. The volumes are also looking very good since last couple of trading sessions."

"I would recommend buying this stock for the short-term as well as for the medium term perspective. It has already formed a good base around the levels of Rs 45 and today it has rallied from its recent lows. It clearly suggests that the prices would also for the medium termmake a higher high formation. So at the current level you can buy this stock with a stoploss of Rs 48 and short-term upside target would be Rs 55,' he said.