Go long in Granules India, Adani Power may hit Rs 31.50: Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Granules India has been looking good for a couple of weeks or so. It has given a good breakout as well and I would say that after a consolidation, a breakout and it looks like the stock can climb to levels closer to Rs 138. I would have a stop loss below Rs 128 and trade long.""Adani Power looks a bit weak because in the upper regions it got tired. More of an exhaustion pattern and the way it has broken down yesterday by around 3 percent, looks like there is more downside in the days to come. Adani can slide down to levels closer to Rs 31.50. It is a short trade here with stop loss above Rs 34," he said."IRB Infrastructure Developers broke down yesterday, a massive 3.5 percent down. It also is a broken down structure, in a weaker structured market. So, it is sliding down to levels closer to Rs 205 or so, keep stop loss above Rs 216."