Sukhani told CNBC-TV18, "Adani Power charts look excellent. Somehow the Adani Group itself is doing very nice things. Adani Power finds support at Rs 60 repeatedly. From Rs 60 a bounce can be expected first to the Rs 64-65 area and if that is crossed successfully then it starts making new highs for this uptrend. So, all in all a strong stock at support in a good group and bouncing up."
The share touched its 52-week high Rs 96.70 and 52-week low Rs 36.80 on 22 February, 2012 and 30 August, 2012, respectively. Currently, it is trading 34.13% below its 52-week high and 73.1% above its 52-week low. Market capitalisation stands at Rs 15,245.14 crore.
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Adani Power can test Rs 64-65: Sukhani
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