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Adani Power, RITES: Trading tips by Vaishali Parekh of Prabhudas Lilladher

The stock of Adani Power has improved the bias with decent volume participation

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The stock of RITES has witnessed a decent correction recently and has bottomed out near 240 levels

Vaishali Parekh Mumbai
BUY ADANI POWER | CMP: Rs 55.85 | Target: Rs 65-68 | Stop Loss: Rs 50

The stock has indicated a rising trend and, after some consolidation, has improved the bias with decent volume participation. Currently, the RSI is also well placed and has strength to anticipate further upside move in the coming days. With the chart looking good, we suggest to buy and accumulate this stock for an upside target of 65-68.

BUY RITES | CMP: Rs 244.90 | Target: Rs 270-280 | Stop Loss: Rs 230

The stock has witnessed a decent correction recently and has bottomed out near

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First Published: Feb 22 2021 | 8:17 AM IST

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