ADANI POWER - www.ashudutt.com

ADANI POWER – SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: STRONG

I would like to see Adani Power hold above 140 (its support) for atleast 10-15 trading sessions. Once that happens, it will become a swing trading call (5-10 day trade).  It is already in a long term uptrend. The only thing that concerned me were the wild swings it has demonstrated in the past 1 month and its inability to hold 140 through the month

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