Sandeep Wagle of powermywealth.com advises selling Adani Power at around Rs 32.
Sandeep Wagle of powermywealth.com told CNBC-TV18, "For Adani Power sell is the advice maybe now or maybe on a bounce possible that one may get a level of Rs 30-32 as a bounce. On the downside were the stock to break Rs 25 it can go down to Rs 20 or below Rs 20 very fast. So that should be the stoploss."
At 15:21 hrs Adani Power was quoting at Rs 27.65, down Rs 1.90, or 6.43 percent.
The share touched its 52-week high Rs 47.75 and 52-week low Rs 25.90 on 08 January, 2018 and 11 August, 2017, respectively.
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